SEC Form 4 · accession 0001209191-16-148955
Marcus & Millichap, Inc. · MMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E. Hughes
Officer — SVP Marcus & Millichap Capital
Period of report
Nov 5, 2016
Accepted (ET)
Nov 8, 2016 · 8:14 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 | Nov 5, 2016 | M | 35,067 | — | A | 55,585 | D | |
| Common StockF2 | Nov 5, 2016 | F | 15,045 | $23.99 | D | 40,540 | D | |
| Common StockF3 | holding | — | — | — | 169,057 | 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 UnitF1,F4 | — | Nov 5, 2016 | M | 35,067 | D | — | — | Common Stock | 35,067 | 70,135 | D |
Explanation of responses
- F1Each deferred stock unit represents a contingent right to receive one share of the Issuer common stock.
- F2Shares 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.
- F3Voting and investment power over the shares held by The William E. Hughes, Jr. Revocable Trust Dated August 26, 2005 is exercised by Mr. William E. Hughes, Jr., its trustee.
- F4The 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.