SEC Form 4 · accession 0001123292-16-001825
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sheldon U. Tenenbaum
Officer — Sr. VP, Supplier Development
Period of report
Feb 23, 2016
Accepted (ET)
Feb 24, 2016 · 4:52 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 | Feb 23, 2016 | M | 10,000 | $42.81 | A | 27,431 | D | |
| Common Stock | Feb 23, 2016 | S | 10,000 | $60.00 | D | 17,431 | D | |
| Common Stock | holding | — | — | — | 571 | I | Held by Trustee of Reliance Steel & Aluminum Co. Employee Stock Ownership Plan | |
| Common Stock | holding | — | — | — | 4,274 | I | Held by Trustee of Reliance Steel & Aluminum Co. 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Acquire Common StockF3,F2 | $42.81 | Feb 23, 2016 | M | 10,000 | D | — | Feb 23, 2017 | Common Stock | 10,000 | 12,500 | D |
Explanation of responses
- F1Includes 1,000 restricted shares subject to vesting over time.
- F2The options vested and became exercisable in four equal annual installments beginning on February 23, 2011, which was the first anniversary of the date on which the options were granted.
- F3In the aggregate, the Reporting Person beneficially owns 37,500 options to acquire common stock (with various exercise prices and expiration dates) as of the date of this report.