Margaret Cotter - Feb 22, 2022 Form 4 Insider Report for READING INTERNATIONAL INC (RDI)

Signature
/s/ Margaret Cotter
Stock symbol
RDI
Transactions as of
Feb 22, 2022
Transactions value $
-$24,206
Form type
4
Date filed
2/23/2022, 06:18 PM
Previous filing
Feb 18, 2022
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDI Class A Non-Voting Common Stock Sale -$12.1K -2.75K -0.2% $4.42 1.37M Feb 22, 2022 Co-Trustee and beneficiary of James J. Cotter Living Trust F1, F2, F3
transaction RDI Class A Non-Voting Common Stock Sale -$12.1K -2.75K -0.2% $4.38 1.37M Feb 23, 2022 Co-Trustee and beneficiary of James J. Cotter Living Trust F1, F2, F3
holding RDI Class A Non-Voting Common Stock 85K Feb 22, 2022 Sole-Trustee of James J. Cotter Education Trust #1 F4
holding RDI Class A Non-Voting Common Stock 765K Feb 22, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the James J. Cotter Living Trust (the "Trust") on December 22, 2021.
F2 Margaret Cotter is a co-trustee of the Trust, a trust organized under the laws of CA. During the lifetime of James J. Cotter, Sr., the Trust was revocable by James J. Cotter, Sr., but the Trust became irrevocable upon the death of James J. Cotter, Sr. on September 13, 2014. The Trust serves as a vehicle for the management and distribution of the assets of James J. Cotter, Sr. Ellen Cotter and Margaret Cotter, acting together as co-trustees of the Trust, may be deemed to share voting and investment power over the shares of the Class A Non-Voting Common Stock directly beneficially owned by the Trust. Margaret Cotter disclaims beneficial ownership of the Class A Non-Voting Common Stock directly beneficially owned by the Trust and reported herein, except to the extent of her pecuniary interest therein. The extent of any pecuniary interest in Class A Non-Voting Common Stock to Margaret Cotter is dependent on certain factors yet to be resolved and is not currently known.
F3 The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to Reading International, Inc. ("Reading"), any security holder of Reading, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (3) to this Form 4. These shares were sold in multiple transactions at prices ranging from: (a) on February 22, 2022, $4.35 to $4.625, inclusive? and (b) on February 23, 2022, $4.32 to $4.585, inclusive.
F4 As per joint stipulation and court order, Margaret Cotter and James J. Cotter Jr. (deceased), co-trustees of the James J. Cotter Grandchildren Trust, a trust established for James J. Cotter Sr.'s grandchildren, divided the trust into two separate trusts whereby each is the sole trustee of their children's education trust. Margaret Cotter is the sole-trustee of the James J. Cotter Education Trust #1 (the "Trust"), and may be deemed to be indirect beneficial owners of the Class A Non-voting Common Stock directly beneficially owned by such Trust. Margaret Cotter disclaims beneficial ownership in such shares, except to the extent of any pecuniary interest therein.