AI assistant
RELIANCE, INC. — Director's Dealing 2019
Jan 25, 2019
30421_dirs_2019-01-25_2de7507a-c88a-41c4-971b-f2ab2f153ff0.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: RELIANCE STEEL & ALUMINUM CO (RS)
CIK: 0000861884
Period of Report: 2018-01-16
Reporting Person: Durham Jeffrey Wayne (Sr. VP, Operations)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4750 | Direct |
| Common Stock | 1611 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock | $ | Common Stock (657.75) | Direct |
Footnotes
F1: Includes 2,075 unvested restricted stock units subject to service criteria.
F2: Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock. In connection with the acquisition by the Issuer of Earle M. Jorgensen Company ("EMJ") in April 2006, the Issuer assumed the obligation resulting from EMJ's settlement with the U.S. Department of Labor to contribute shares of the Issuer's common stock to the Earle M. Jorgensen Company Supplemental Stock Bonus Plan, a phantom stock bonus plan. As a former employee of EMJ, Mr. Durham is entitled to receive 657.75 phantom shares of the Issuer's common stock under the Earle M. Jorgensen Company Supplemental Stock Bonus Plan. This obligation will be satisfied by a cash payment to Mr. Durham upon the termination of his employment with the Issuer.