SEC Form 4 · accession 0001209191-17-002448
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
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 9:17 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 StockF2,F3 | Jan 3, 2017 | S | 28,107 | $26.5646 | D | 45,102 | D | |
| Common StockF4 | Jan 5, 2017 | M | 4,000 | — | A | 49,102 | D | |
| Common StockF5 | Jan 5, 2017 | F | 1,752 | $26.30 | D | 47,350 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F6 | — | Jan 5, 2017 | M | 4,000 | D | — | — | Common Stock | 4,000 | 12,000 | D |
Explanation of responses
- F1SALE EFFECTED UNDER SALES PLAN PURSUANT TO RULE 10B5-1(C)(1) OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
- F2The range of prices for the shares of Common Stock is from $26.24 to $27.075. The reporting person undertakes that he will provide, upon request by the staff of the U.S. Securities and Exchange Commission, full information regarding the number of securities sold at each separate price.
- F3Includes 1,739 shares acquired under the Issuer's employee stock purchase plan.
- F4Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F5Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlement of RSUs. The amount of shares withheld is based on the closing sales price on the date of settlement.
- F6The restricted stock units vest in five equal annual installments beginning January 5, 2016.