SEC Form 4 · accession 0001123292-15-001321
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William K Sales Jr.
Officer — EVP, Operations
Period of report
Nov 2, 2015
Accepted (ET)
Nov 4, 2015 · 6:26 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 | 25,000 | $33.70 | A | 93,341 | D | |
| Common StockF2,F1 | Nov 2, 2015 | S | 25,000 | $61.44 | D | 68,341 | D | |
| Common Stock | holding | — | — | — | 2,611 | 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 | $33.70 | Nov 2, 2015 | M | 25,000 | D | — | Apr 27, 2016 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Includes 1,000 restricted shares subject to vesting over time and 7,600 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 $61.17 to $61.72. 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 April 27, 2010.
- F4In addition, the Reporting Person beneficially owns 20,000 restricted stock units subject to performance and service criteria (with various vesting dates) and 50,000 options to acquire common stock (with various exercise prices and expiration dates) as of the date of this report.