SEC Form 4 · accession 0001123292-16-001857
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas M Hayes
Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 3:15 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 Stock | Feb 29, 2016 | M | 6,000 | $43.34 | A | 11,281 | D | |
| Common StockF1 | Feb 29, 2016 | S | 4,265 | $60.97 | D | 7,016 | D |
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 | $43.34 | Feb 29, 2016 | M | 6,000 | D | — | May 17, 2016 | Common Stock | 6,000 | 0 | D |
Explanation of responses
- F1The price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $60.95 to $61.01. 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.
- F2The options vested and became exercisable in four equal annual installments beginning on May 17, 2007, which was the first anniversary of the date on which the options were granted.
- F3In the aggregate, the Reporting Person beneficially owns 24,000 options to acquire common stock (with various exercise prices and expiration dates) as of the date of this report.