SEC Form 4 · accession 0001123292-15-001320
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Hannah
Officer — Executive Chairman · Director
Period of report
Nov 2, 2015
Accepted (ET)
Nov 4, 2015 · 6:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000861884
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 2, 2015 | M | 35,000 | $42.81 | A | 233,000 | I | Held by Trustees of The David H. and Joan B. Hannah Family Trust, dated April 13, 2010 |
| Common StockF2,F1 | Nov 2, 2015 | S | 35,000 | $61.43 | D | 198,000 | I | Held by Trustees of The David H. and Joan B. Hannah Family Trust, dated April 13, 2010. |
| Common Stock | holding | — | — | — | 27,896 | I | Held by Trustee of Reliance Steel & Aluminum Co. Employee Stock Ownership Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Acquire Common StockF4,F3 | $42.81 | Nov 2, 2015 | M | 35,000 | D | — | Feb 23, 2017 | Common Stock | 35,000 | 40,000 | D |
Explanation of responses
- F1Includes 8,000 restricted shares subject to vesting over time and 10,000 unvested restricted stock units subject to service criteria.
- F2The price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $61.18 to $61.73. The Reporting Person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F3The options vested and became exercisable in four equal annual installments beginning on February 23, 2011.
- F4In addition, the Reporting Person beneficially owns 140,000 restricted stock units that were collectively granted in 2013, 2014 and 2015 subject to performance criteria (with various vesting dates) and 140,000 options to acquire common stock (with various exercise prices and expiration dates) as of the date of this report.