SEC Form 4 · accession 0001209191-15-087082
Marcus & Millichap, Inc. · MMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John J. Kerin
Officer — President and CEO · Director
Period of report
Nov 5, 2015
Accepted (ET)
Dec 28, 2015 · 2:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001578732
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 5, 2015 | M | 83,225 | — | A | 85,518 | D | |
| Common StockF3,F2 | Nov 5, 2015 | F | 41,472 | $40.90 | D | 44,046 | D | |
| Common StockF4 | holding | — | — | — | 924,376 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF1,F5 | — | Nov 5, 2015 | M | 83,225 | D | — | — | Common Stock | 83,225 | 249,674 | D |
Explanation of responses
- F1Each deferred stock unit represents a contingent right to receive one share of the Issuer common stock.
- F2Includes 2,293 shares acquired under the Issuer's employee stock purchase plan.
- F3Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlement of DSUs. The amount of shares withheld is based on the closing sales prices on the date of settlement.
- F4Voting and investment power over the shares held by The Kerin Family Trust dated January 5, 2001 is exercised by Mr. John J. and Mrs. Mary Kerin, its co-trustees.
- F5The deferred stock units vest immediately. The deferred stock units will be settled in the Issuer stock at a rate of 20% per year beginning one year from the date of the grant.