SEC Form 4 · accession 0001209191-17-002697
Reis, Inc. · REIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark P Cantaluppi
Officer — VP & CFO
Period of report
Jan 4, 2017
Accepted (ET)
Jan 6, 2017 · 5:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001038222
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 4, 2017 | M | 25,000 | $10.40 | A | 117,300 | D | |
| Common StockF1,F2,F3 | Jan 6, 2017 | S | 18,664 | $19.8917 | D | 98,636 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4 | $10.40 | Jan 4, 2017 | M | 25,000 | D | — | May 30, 2017 | Common Stock | 25,000 | 50,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 28, 2016 for the purpose of paying exercise proceeds and withholding tax obligations on option exercises.
- F2This transaction was executed in multiple trades during the day at prices ranging from $19.7501 to $20.25. The weighted average sale price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a securityholder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3Represents 86,518 shares of common stock held by the reporting person and 12,118 RSUs (none of which are currently vested) previously granted to the reporting person.
- F4The option vested in five equal installments on May 30, 2008, 2009, 2010, 2011 and 2012.