SEC Form 4 · accession 0001209191-17-008088
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
Feb 2, 2017
Accepted (ET)
Feb 6, 2017 · 5:38 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 | Feb 2, 2017 | M | 50,000 | $10.40 | A | 181,336 | D | |
| Common StockF2 | Feb 3, 2017 | S | 7,167 | $20.0366 | D | 174,169 | D | |
| Common StockF3,F4 | Feb 6, 2017 | S | 11,055 | $19.9938 | D | 163,114 | 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)F5 | $10.04 | Feb 2, 2017 | M | 50,000 | D | — | May 30, 2017 | Common Stock | 50,000 | 50,000 | 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 $19.95 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.
- F3This transaction was executed in multiple trades during the day at prices ranging from $19.95 to $20.125. 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.
- F4Represents 140,036 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.
- F5The option vested in five equal installments on May 30, 2008, 2009, 2010, 2011 and 2012.