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

Signature
/s/ S. Craig Tompkins
Stock symbol
RDI
Transactions as of
Mar 10, 2022
Transactions value $
-$9,398
Form type
4
Date filed
3/14/2022, 02:56 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 +4.78K +129.96% 8.47K Mar 10, 2022 Direct F1
transaction RDI Class A Non-Voting Common Stock Tax liability -$9.4K -2.23K -26.31% $4.22 6.24K Mar 10, 2022 Direct
holding RDI Class A Non-Voting Common Stock 55.8K Mar 10, 2022 Various retirement accounts

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 -4.78K -33.34% $0.00 9.57K Mar 10, 2022 Class A Non-Voting Common Stock 4.78K Direct F1, F2, F3
transaction RDI Restricted Stock Units (Performance-based) Award $0 +2.13K $0.00 2.13K Mar 10, 2022 Class A Non-Voting Common Stock 2.13K 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 25,511 restricted stock units were granted on March 10, 2020 pursuant to the Company's 2010 Stock Incentive Plan. Of that amount, (i) 19,134 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) 6,377 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 25,511 restricted stock units (including 6,377 PRSUs) in Table II of his Form 4 dated March 12, 2020.