SEC Form 4 · accession 0001123292-16-001927
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W Gimbel
Director
Period of report
Mar 4, 2016
Accepted (ET)
Mar 8, 2016 · 4:41 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 | Mar 4, 2016 | M | 6,000 | $43.34 | A | 1,746,420 | D | |
| Common StockF1 | Mar 4, 2016 | S | 6,000 | $65.30 | D | 1,740,420 | D | |
| Common Stock | holding | — | — | — | 21,200 | I | Held as Trustee of trusts for the benefit of his children |
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 | Mar 4, 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 $65.29 to $65.36. 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.
- 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.