Gilbert Avanes - Mar 10, 2022 Form 4 Insider Report for READING INTERNATIONAL INC (RDI)

Role: EVP, CFO & Treasurer
Signature: /s/ Gilbert Avanes
Stock symbol: RDI
Transactions as of: Mar 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/14/2022, 02:39 PM
Previous filing: Dec 15, 2021
Next filing: Mar 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RDI	Class A Non-Voting Common Stock	Options Exercise		+4.6K	+32.83%		18.6K	Mar 10, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RDI	Restricted Stock Units	Options Exercise	$0	-4.6K	-33.34%	$0.00	9.2K	Mar 10, 2022	Class A Non-Voting Common Stock	4.6K		Direct	F1, F2, F3
transaction	RDI	Restricted Stock Units (Performance-based)	Award	$0	+2.04K		$0.00	2.04K	Mar 10, 2022	Class A Non-Voting Common Stock	2.04K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit.
F2	As previously reported, a total of 24,530 restricted stock units were granted on March 10, 2020 pursuant to the Company's 2010 Stock Incentive Plan. Of that amount, (i) 18,398 restricted stock units vest in four equal annual installments commencing on March 10, 2021, March 10, 2022, March 10, 2023, and March 10, 2024; and (ii) 6,132 performance-based restricted stock units (PRSU) vest on the third anniversary of the Date of Grant, March 10, 2023; provided that (a) the reporting person has not undergone a termination of her service at the vesting date (or earlier accelerating event), and (b)(1) one-third of the performance criteria (PRSU Criteria) has been met and certified by the Compensation and Stock Option Committee (Committee) for the year ended December 31, 2020, such determination to be made before March 10, 2021;
F3	and (2) two-thirds of the PRSU Criteria shall be based upon performance for the two remaining calendar years (2021 and 2022) under objective performance criteria to be established by the Committee, and shall be subject to the certification by the Committee that such PRSU Criteria, or portion thereof (stated as a percentage), has been met. The Committee must certify on or before March 10, 2023 the percentage of the PRSU Criteria which has been met for the calendar years 2021 and 2022. On March 9, 2022, the Committee determined and certified that the reporting person met 100% of the PRSU Criteria for the year ended December 31, 2021. The reporting person previously reported all 24,530 restricted stock units (including 6,132 PRSUs) in Table II of his Form 4 dated March 12, 2020.