4//SEC Filing
Sander William 4
Accession 0001209191-18-008582
CIK 0001038222other
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 7:20 PM ET
Size
7.9 KB
Accession
0001209191-18-008582
Insider Transaction Report
Form 4
Reis, Inc.REIS
Sander William
COO of Reis Services, LLC
Transactions
- Sale
Common Stock
2018-02-07$18.86/sh−2,264$42,690→ 171,597 total - Award
Common Stock
2018-02-06+17,600→ 173,861 total
Footnotes (4)
- [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 6, 2019. Vested shares of common stock will be delivered to the reporting person promptly following each vesting date.
- [F2]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 7, 2017, providing for the sale of shares of common stock for the sole purpose of paying federal, state and other mandatory withholding obligations incident to 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]This transaction was executed in multiple trades during the day at prices ranging from $18.60 to $19.35. The weighted average sale price is reported above. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a securityholder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F4]Represents 131,008 shares of common stock held by the reporting person and 40,589 RSUs (none of which are currently vested) previously granted to the reporting person.
Documents
Issuer
Reis, Inc.
CIK 0001038222
Entity typeother
Related Parties
1- filerCIK 0001400893
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 7:20 PM ET
- Size
- 7.9 KB