SEC Form 4 · accession 0001209191-17-003538
Reis, Inc. · REIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Sander
Officer — COO of Reis Services, LLC
Period of report
Jan 10, 2017
Accepted (ET)
Jan 12, 2017 · 5:40 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 10, 2017 | M | 50,000 | $10.40 | A | 168,532 | D | |
| Common StockF2 | Jan 10, 2017 | S | 7,783 | $19.3145 | D | 160,749 | D | |
| Common StockF3 | Jan 11, 2017 | S | 3,284 | $19.0883 | D | 157,465 | D | |
| Common StockF4,F5 | Jan 12, 2017 | S | 7,801 | $18.5045 | D | 149,664 | 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)F6 | $10.40 | Jan 10, 2017 | M | 50,000 | D | — | May 30, 2017 | Common Stock | 50,000 | 100,000 | D |
Explanation of responses
- F1Transactions carried out by the reporting person pursuant to a plan established on December 22, 2016 under Rule 10b5-1 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 $19.30 to $19.4501. 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.
- F3This transaction was executed in multiple trades during the day at prices ranging from $19.00 to $19.30. 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.
- F4This transaction was executed in multiple trades during the day at prices ranging from $18.45 to $18.90. 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.
- F5Represents 126,586 shares of common stock held by the reporting person and 23,078 RSUs (none of which are currently vested) previously granted to the reporting person.
- F6The option vested in five equal installments on May 30, 2008, 2009, 2010, 2011 and 2012.