Margaret Cotter - Apr 13, 2022 Form 4 Insider Report for READING INTERNATIONAL INC (RDI)

Role: Chairperson, EVP - RE Dev/NY, Director, Member of Sec.13(d)(3) Group, 10%+ Owner
Signature: /s/ Margaret Cotter
Stock symbol: RDI
Transactions as of: Apr 13, 2022
Transactions value $: -$1,306
Form type: 4
Date filed: 4/14/2022, 12:25 PM
Previous filing: Apr 13, 2022
Next filing: Apr 19, 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		+916	+0.12%		777K	Apr 13, 2022	Direct	F3
transaction	RDI	Class A Non-Voting Common Stock	Tax liability	-$1.31K	-317	-0.04%	$4.12	777K	Apr 13, 2022	Direct
holding	RDI	Class A Non-Voting Common Stock						1.28M	Apr 13, 2022	Co-Trustee and beneficiary of James J. Cotter Living Trust	F1
holding	RDI	Class A Non-Voting Common Stock						85K	Apr 13, 2022	Sole-Trustee of James J. Cotter Education Trust #1	F2

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	-916	-100%	$0.00^*	0	Apr 13, 2022	Class A Non-Voting Common Stock	916		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	Each Restricted Stock Unit represents the contingent right to receive one share of Class A Non-Voting Common Stock upon vesting of the unit.
F4	3,667 restricted stock units were granted on April 13, 2018 pursuant to the Company's 2010 Stock Incentive Plan, vesting in four equal annual installments commencing on the first anniversary of the Date of Grant. The installments vest on April 13, 2019, April 13, 2020, April 13, 2021, and April 13, 2022.