J. Matyczynski - Mar 10, 2023 Form 4 Insider Report for READING INTERNATIONAL INC (RDI)

Signature
/s/ Andrzej Matyczynski
Stock symbol
RDI
Transactions as of
Mar 10, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 02:12 PM
Previous filing
Apr 19, 2022
Next filing
Apr 7, 2023

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 +3.07K +6.27% 52K Mar 10, 2023 Direct F1, F4
transaction RDI Class A Non-Voting Common Stock Options Exercise +2.93K +5.64% 54.9K Mar 10, 2023 Direct F1
transaction RDI Class A Non-Voting Common Stock Options Exercise +776 +1.41% 55.7K Mar 13, 2023 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 -3.07K -50% $0.00 3.07K Mar 10, 2023 Class A Non-Voting Common Stock 3.07K Direct F1, F2, F3
transaction RDI Restricted Stock Units (Performance-based) Award $0 +204 +7.48% $0.00 2.93K Mar 10, 2023 Class A Non-Voting Common Stock 204 Direct F1, F2, F3
transaction RDI Restricted Stock Units (Performance-based) (Class A Non-Voti Options Exercise $0 -2.93K -100% $0.00* 0 Mar 10, 2023 Class A Non-Voting Common Stock 2.93K Direct F1, F2, F3
transaction RDI Restricted Stock Units (Class A Non-Voting Common Stock) Options Exercise $0 -776 -100% $0.00* 0 Mar 13, 2023 Class A Non-Voting Common Stock 776 Direct F1, F5
* 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 16,353 restricted stock units were granted on March 10, 2020 pursuant to the Company's 2010 Stock Incentive Plan. Of that amount, (i) 12,265 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) 4,088 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 his 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. On March 9, 2023, the Committee determined and certified that the reporting person met 15% of PRSU criteria for the year ended December 31, 2022. The reporting person previously reported all 16,353 restricted stock units (including 4,088 PRSUs) in Table II of Form 4 dated March 12, 2020.
F4 The total amount of shares beneficially owned has been adjusted to correct an immaterial understatement in the amount of 18 shares of Class A Non-Voting Common Stock directly owned by the reporting person.
F5 3,104 restricted stock units granted on March 13, 2019 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 March 13, 2020, March 13, 2021, March 13, 2022, and March 13, 2023.