Reis, Inc. 4
4 · Reis, Inc. · Filed Feb 12, 2016
Insider Transaction Report
Form 4
Reis, Inc.REIS
Lynford Lloyd
DirectorPresident & CEO10% Owner
Transactions
- Award
Common Stock
2016-02-09+30,889→ 1,252,597 total - Sale
Common Stock
2016-02-10$20.98/sh−2,360$49,513→ 1,250,237 total - Sale
Common Stock
2016-02-11$21.19/sh−3,059$64,820→ 1,247,178 total
Footnotes (3)
- [F1]Consists of Restricted Stock Units ("RSUs") representing a contingent right to receive shares of REIS common stock. The RSUs vest in three equal annual installments beginning February 9, 2017. Vested shares of common stock will be delivered to the reporting person promptly following each vesting date.
- [F2]Exempt transaction pursuant to Section 16b-3(e) -- payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting and delivery of restricted stock units ("RSUs"). The reporting person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover the required taxes.
- [F3]Represents 1,187,018 shares of common stock held by the reporting person and 60,160 RSUs (none of which are currently vested).