SEC Form 4 · accession 0001123292-16-001917
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karla R Lewis
Officer — Sr. EVP & CFO
Period of report
Mar 3, 2016
Accepted (ET)
Mar 4, 2016 · 7:49 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 | 40,000 | $42.81 | A | 99,905 | D | |
| Common StockF2,F1 | Mar 3, 2016 | S | 34,377 | $65.33 | D | 65,528 | D | |
| Common StockF3,F1 | Mar 3, 2016 | S | 5,623 | $66.14 | D | 59,905 | D | |
| Common Stock | holding | — | — | — | 5,787 | I | Held by Trustee of Reliance Steel & Aluminum Co. Employee Stock Ownership Plan | |
| Common Stock | holding | — | — | — | 184 | 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 StockF5,F4 | $42.81 | Mar 3, 2016 | M | 40,000 | D | — | Feb 23, 2017 | Common Stock | 40,000 | 0 | D |
Explanation of responses
- F1Includes 1,500 restricted shares subject to vesting over time and 8,800 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 $65.88. 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 price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $65.96 to $66.75. 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.
- F4The options vested and became exercisable in four equal annual installments beginning on February 23, 2011.
- F5In addition, the Reporting Person beneficially owns 28,800 restricted stock units subject to performance and service criteria and 40,000 options to acquire common stock, each with an exercise price of $55.73 and an expiration date of February 23, 2018, as of the date of this report.