SEC Form 4 · accession 0001209191-17-010665
Reis, Inc. · REIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lloyd Lynford
Officer — President & CEO · Director · 10% Owner
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 5:50 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 StockF2 | Feb 10, 2017 | S | 3,978 | $20.0176 | D | 1,273,347 | D | |
| Common StockF3 | Feb 13, 2017 | S | 1,300 | $20.0115 | D | 1,272,047 | D | |
| Common StockF4 | Feb 14, 2017 | S | 4,215 | $19.90 | D | 1,267,832 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 20, 2016, providing for the sale of shares of common stock for the sole purpose of paying federal, state and other mandatory withholding obligations incident to the vesting and delivery of Restricted Stock Units ("RSUs"). The reporting person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover the required taxes.
- F2This transaction was executed in multiple trades during the day at prices ranging from $20.00 to $20.10. 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 $20.20. 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 1,207,666 shares of common stock held by the reporting person and 60,166 RSUs (none of which are currently vested).