SEC Form 4 · accession 0001123292-16-003055
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
Dec 8, 2016
Accepted (ET)
Dec 9, 2016 · 5:38 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 | Dec 8, 2016 | M | 40,000 | $55.73 | A | 109,425 | D | |
| Common StockF1 | Dec 8, 2016 | S | 40,000 | $86.18 | D | 69,425 | D | |
| Common Stock | holding | — | — | — | 5,990 | I | Held by Trustee of Reliance Steel & Aluminum Co. Employee Stock Ownership Plan | |
| Common Stock | holding | — | — | — | 185 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Acquire Common StockF2 | $55.73 | Dec 8, 2016 | M | 40,000 | D | — | Feb 23, 2018 | Common Stock | 40,000 | 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 $86.00 to $86.88. 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.
- F2The options vested in four equal annual installments beginning on February 23, 2012.