SEC Form 4 · accession 0001209191-19-010732
Marcus & Millichap, Inc. · MMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell R LaBar
Officer — Executive VP and COO
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 5:31 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 | Feb 13, 2019 | M | 10,000 | $0.00 | A | 10,419 | D | |
| Common StockF2 | Feb 13, 2019 | F | 4,958 | $39.45 | D | 5,461 | 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 UnitsF1,F3 | — | Feb 13, 2019 | A | 6,337 | A | — | — | Common Stock | 6,337 | 6,337 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 13, 2019 | M | 10,000 | D | — | — | Common Stock | 10,000 | 8,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2Shares 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 sale price of the date of settlement.
- F3The restricted stock units vest in three equal annual installments beginning February 13, 2020.
- F4The restricted stock units vest in five equal annual installments beginning March 31, 2017. On February 13, 2019, the Compensation Committee approved the acceleration of the vesting of 10,000 restricted stock units.