SEC Form 4 · accession 0001123292-16-001498
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William A Smith II
Officer — SVP, General Counsel, Corp. Se
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 7:58 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,F2 | Dec 31, 2015 | M | 1,500 | — | A | 5,500 | D | |
| Common StockF2 | Dec 31, 2015 | F | 564 | $57.91 | D | 4,936 | D | |
| Common Stock | holding | — | — | — | 96 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F1,F3 | — | Dec 31, 2015 | M | 1,500 | D | — | — | Common Stock | 1,500 | 1,500 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of RS common stock and certain dividend equivalents.
- F2Includes 4,000 unvested restricted stock units subject to service criteria.
- F31,500 restricted stock units vested on December 31, 2015. The remaining 1,500 restricted stock units reported on this line are subject to performance criteria and all or a portion shall vest on or before March 15, 2016.
- F4In addition, the Reporting Person beneficially owns 3,000 restricted stock units subject to performance and service criteria.