SEC Form 4 · accession 0001209191-16-148956
Marcus & Millichap, Inc. · MMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin E. Louie
Officer — Chief Financial Officer
Period of report
Nov 5, 2016
Accepted (ET)
Nov 8, 2016 · 8:15 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 | 51,919 | — | A | 105,842 | D | |
| Common StockF2 | Nov 5, 2016 | F | 23,812 | $23.99 | D | 82,030 | D |
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,F3 | — | Nov 5, 2016 | M | 51,919 | D | — | — | Common Stock | 51,919 | 103,836 | 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.
- F3The 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.