SEC Form 4 · accession 0001123292-17-000652
RELIANCE, INC. · RS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Donald Hoffman
Officer — EVP, Chief Operating Officer
Period of report
Feb 27, 2017
Accepted (ET)
Mar 10, 2017 · 7:48 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 | Feb 27, 2017 | M | 1,500 | — | A | 31,481 | D | |
| Common Stock | Feb 27, 2017 | F | 602 | $85.29 | D | 30,879 | D | |
| Common StockF2 | holding | — | — | — | 914 | I | Held by Trustee of Reliance Steel & Aluminum Co. Employee Stock Ownership Plan | |
| Common Stock | holding | — | — | — | 3,354 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F1,F3 | — | Feb 27, 2017 | M | 1,500 | D | — | — | Common Stock | 1,500 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of RS common stock and certain dividend equivalents.
- F2Reflects an Employee Stock Ownership Plan allocation that has occurred since the date of the reporting person's last ownership report.
- F31,500 restricted stock units vested on February 27, 2017.
- F4The reporting person also owns 3,480 shares of phantom stock (to be satisfied by a cash payment to the reporting person upon the termination of his employment with the Issuer) as of the date of this report, which number increased by 76 shares since the date of the reporting person's last ownership report reporting such shares of phantom stock.