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RELIANCE, INC. — Director's Dealing 2016
Mar 5, 2016
30421_dirs_2016-03-04_171a2cb8-4b4a-4c79-a45d-0b89271b811f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: RELIANCE STEEL & ALUMINUM CO (RS)
CIK: 0000861884
Period of Report: 2016-03-03
Reporting Person: HOFFMAN JAMES DONALD (EVP, Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-03-03 | Common Stock | M | 12500 | $55.73 | Acquired | 36615 | Direct |
| 2016-03-03 | Common Stock | S | 12500 | $65.23 | Disposed | 24115 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-03-03 | Option to Acquire Common Stock | $55.73 | M | 12500 | Disposed | 2018-02-23 | Common Stock (12500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 731 | Indirect |
| Common Stock | 3304 | Indirect |
Footnotes
F1: Includes 1,000 restricted shares subject to vesting over time and 7,600 unvested restricted stock units subject to service criteria.
F2: The price reported represents the weighted average sale price of the shares disposed of. The actual sale prices ranged from $64.95 to $65.79. The Reporting Person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3: The options vested and became exercisable in four equal annual installments beginning on February 23, 2012.
F4: In addition, the Reporting Person beneficially owns (i) 18,000 restricted stock units subject to performance and service criteria and (ii) 3,404 shares of phantom stock (to be satisfied by a cash payment to the Reporting Person upon the termination of his employment with the Issuer) as of the date of this report.