SEC Form 4 · accession 0001209191-17-019663
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
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 5:14 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 | Mar 7, 2017 | S | 15,446 | $18.7795 | D | 193,200 | D | |
| Common StockF3 | Mar 8, 2017 | S | 3,257 | $18.7162 | D | 189,943 | D | |
| Common StockF4,F5 | Mar 9, 2017 | S | 7,528 | $18.0024 | D | 182,415 | 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 21, 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 $18.65 to $18.9125. 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 $18.55 to $19.00. 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 $17.95 to $18.15. 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 153,926 shares of common stock held by the reporting person and 28,489 RSUs (none of which are currently vested) previously granted to the reporting person.