SEC Form 4 · accession 0001209191-19-019038
Marcus & Millichap, Inc. · MMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt Henry Schwarz
Officer — Chief Accounting Officer
Period of report
Feb 26, 2018
Accepted (ET)
Mar 12, 2019 · 9:06 pm EDT
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,F3 | Feb 16, 2019 | M | 127 | — | A | 2,857 | I | By Trust |
| Common StockF4,F3 | Feb 16, 2019 | F | 43 | $39.56 | D | 2,814 | I | By Trust |
| Common StockF1,F3 | Feb 25, 2019 | M | 186 | — | A | 3,000 | I | By Trust |
| Common StockF5,F3 | Feb 25, 2019 | F | 63 | $38.66 | D | 2,937 | I | By Trust |
| Common StockF1,F3 | Mar 10, 2019 | M | 128 | — | A | 3,065 | I | By Trust |
| Common StockF6,F3 | Mar 10, 2019 | F | 44 | $38.57 | D | 3,021 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F7 | — | Feb 26, 2018 | A | 642 | A | — | — | Common Stock | 642 | 642 | D |
| Restricted Stock UnitsF1,F7 | — | Feb 13, 2019 | A | 2,026 | A | — | — | Common Stock | 2,026 | 2,026 | D |
| Restricted Stock UnitsF1,F8 | — | Feb 16, 2019 | M | 127 | D | — | — | Common Stock | 127 | 384 | D |
| Restricted Stock UnitsF1,F9 | — | Feb 25, 2019 | M | 186 | D | — | — | Common Stock | 186 | 372 | D |
| Restricted Stock UnitsF1,F10 | — | Mar 10, 2019 | M | 128 | D | — | — | Common Stock | 128 | 514 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F10Twenty percent will vest on each of the first five anniversaries commencing on the tenth (10th) day of the month following the grant date, subject to the recipient remaining a Service Provider through each such vesting date.
- F2Includes 183 shares purchased on May 15, 2018 and 150 shares purchased on November 18, 2018 pursuant to the Company's Employee Stock Purchase Plan.
- F3Voting and investment power over the shares held by The Schwarz Family Trust dated September 25, 2003 is exercised by the reporting person, as one of the trustees.
- F4Shares 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 on February 19, 2019.
- 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 sale price of the date of settlement.
- F6Shares 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 on March 11, 2019.
- F7Twenty percent will vest on each of the first five anniversaries commencing on the tenth (10th) day of the month following the Grant Date, subject to the recipient remaining a Service Provider through each such vesting date.
- F8The restricted stock units vest in five equal annual installments beginning February 16, 2018.
- F9The restricted stock units vest in five equal annual installments beginning February 25, 2017.