SEC Form 4 · accession 0001123292-16-002192
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Hannah
Officer — Executive Chairman · Director
Period of report
Apr 28, 2016
Accepted (ET)
May 2, 2016 · 5:01 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 28, 2016 | M | 30,000 | $55.73 | A | 228,000 | I | Held by Trustees of The David H. and Joan B. Hannah Family Trust, dated April 13, 2010 |
| Common StockF1 | Apr 28, 2016 | S | 30,000 | $74.14 | D | 198,000 | I | Held by Trustees of The David H. and Joan B. Hannah Family Trust, dated April 13, 2010 |
| Common Stock | holding | — | — | — | 28,000 | 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 28, 2016 | M | 30,000 | D | — | Feb 23, 2018 | Common Stock | 30,000 | 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 $73.74 to $74.62. 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.