SEC Form 4 · accession 0001123292-16-001916
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Donald Hoffman
Officer — EVP, Chief Operating Officer
Period of report
Mar 3, 2016
Accepted (ET)
Mar 4, 2016 · 7:47 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 | Mar 3, 2016 | M | 12,500 | $55.73 | A | 36,615 | D | |
| Common StockF2,F1 | Mar 3, 2016 | S | 12,500 | $65.23 | D | 24,115 | D | |
| Common Stock | holding | — | — | — | 731 | I | Held by Trustee of Reliance Steel & Aluminum Co. Employee Stock Ownership Plan | |
| Common Stock | holding | — | — | — | 3,304 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to Acquire Common StockF4,F3 | $55.73 | Mar 3, 2016 | M | 12,500 | D | — | Feb 23, 2018 | Common Stock | 12,500 | 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 $64.95 to $65.79. 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, 2012.
- F4In addition, the Reporting Person beneficially owns (i) 18,000 restricted stock units subject to performance and service criteria and (ii) 3,404 shares of phantom stock (to be satisfied by a cash payment to the Reporting Person upon the termination of his employment with the Issuer) as of the date of this report.