SEC Form 4 · accession 0001123292-16-002189
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg J Mollins
Officer — President and CEO · Director
Period of report
Apr 27, 2016
Accepted (ET)
Apr 29, 2016 · 5:43 pm EDT
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 | Apr 27, 2016 | M | 12,500 | $55.73 | A | 227,613 | I | Held by Trustee of Mollins Family Trust |
| Common StockF1 | Apr 27, 2016 | S | 12,500 | $73.40 | D | 215,113 | I | Held by Trustee of Mollins Family Trust |
| Common Stock | holding | — | — | — | 12,629 | I | Held by Trustee of Reliance Steel & Aluminum Co. Employee Stock Ownership 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 StockF2 | $55.73 | Apr 27, 2016 | M | 12,500 | D | — | Feb 23, 2018 | Common Stock | 12,500 | 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 $72.77 to $73.69. 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 February 23, 2012.