Marcus & Millichap, Inc. 4
4 · Marcus & Millichap, Inc. · Filed Nov 7, 2013
Insider Transaction Report
Form 4
MILLICHAP WILLIAM A
Director
Transactions
- Award
Common Stock
2013-11-05+5,000→ 5,000 total - Award
Deferred Stock Units
2013-11-05+83,334→ 83,334 total→ Common Stock (83,334 underlying) - Other
Common Stock
2013-11-05$11.16/sh+527,735$5,889,523→ 527,735 total - Sale
Common Stock
2013-11-05$11.16/sh−527,735$5,889,523→ 0 total
Footnotes (4)
- [F1]Represents shares acquired from Marcus & Millichap Company ("MMC") in exchange for approximately $5.9 million of previously contracted indebtedeness of MMC owed to the Reporting Person pursuant to debt-for-equity.
- [F2]Represents sale of shares received in debt-for-equity exchange.
- [F3]Each deferred stock unit represents a contingent right to receive one share of the Issuer common stock.
- [F4]The deferred stock units vest immediately. The deferred stock units will be settled in the Issuer stock at a rate of 20% per year beginning one year from the date of the grant.