STRONG DAVID 4
4 · Reis, Inc. · Filed Sep 29, 2009
Insider Transaction Report
Form 4
Reis, Inc.REIS
STRONG DAVID
Senior VP of Development
Transactions
- Tax Payment
Common Stock
2009-09-28$6.00/sh−16,305$97,830→ 238,677 total - Exercise/Conversion
Common Stock
2009-09-28$4.60/sh+21,268$97,833→ 254,982 total - Exercise/Conversion
Employee Stock Option (right to buy)
2009-09-28−21,268→ 0 totalExercise: $4.60Exp: 2009-12-09→ Common Stock (21,268 underlying)
Footnotes (3)
- [F1]Reflects the tendering of shares previously held by the reporting person, valued at the average of the high and low sales prices for the Common Stock on the trading day immediately preceding the transaction date, as permitted by the agreement and the plan governing the relevant stock options. As permitted by such agreement and plan, the reporting person provided evidence of ownership of the shares to be tendered and received new shares in an amount equal to the net difference between the number of shares being issued and the number of shares being tendered.
- [F2]The exercise price was paid primarily through the tendering of shares previously held by the reporting person, as described in Table I. A balance of $2.80 was paid in cash.
- [F3]These stock options became exercisable in four equal annual installments, beginning on December 10, 2001.