Sander William 4
4 · Reis, Inc. · Filed Oct 16, 2018
Insider Transaction Report
Form 4
Reis, Inc.REIS
Sander William
COO of Reis Services, LLC
Transactions
- Disposition to Issuer
Common Stock
2018-10-15$23.00/sh−33,176$763,048→ 0 total - Disposition from Tender
Common Stock
2018-10-13$23.00/sh−130,495$3,001,385→ 33,176 total
Footnotes (2)
- [F1]On October 15, 2018, Moody's Corporation ("Moody's") acquired the issuer pursuant to the Agreement and Plan of Merger, dated August 29, 2018, by and among Moody's Analytics Maryland Corp. ("Purchaser"), Moody's and the issuer (the "Merger Agreement"). In accordance with the Merger Agreement, Purchaser, a wholly-owned subsidiary of Moody's, was merged with and into the issuer (the "Merger"), with the issuer surviving the Merger as a wholly owned subsidiary of Moody's. Under the Merger Agreement, at the effective time of the Merger, each outstanding share of the issuer's common stock (including the shares of common stock relating to previously unvested restricted stock units, but excluding shares of common stock held by Moody's, the issuer and their respective subsidiaries) was cancelled and converted into the right to receive $23.00 in cash.
- [F2]This amount reflects shares of common stock relating to previously unvested restricted stock units that were cancelled as described above.