SEC Form 4 · accession 0001209191-17-008867
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 7, 2017
Accepted (ET)
Feb 8, 2017 · 6:13 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 StockF1 | Feb 7, 2017 | A | 16,500 | $0.00 | A | 179,614 | D | |
| Common StockF3 | Feb 7, 2017 | S | 2,338 | $20.0643 | D | 177,276 | D | |
| Common StockF4,F5 | Feb 8, 2017 | S | 5,850 | $19.9886 | D | 171,426 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of Restricted Stock Units ("RSUs") representing a contingent right to receive shares of REIS common stock. The RSUs vest in three equal annual installments beginning February 7, 2018. Vested shares of common stock will be delivered to the reporting person promptly following each vesting date.
- F2Transactions 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.
- F3This transaction was executed in multiple trades during the day at prices ranging from $20.05 to $20.375. 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 $19.80 to $20.15. 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 131,848 shares of common stock held by the reporting person and 39,578 RSUs (none of which are currently vested) previously granted to the reporting person.