MARGARET COTTER - 14 Mar 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
Issuer symbol: RDI
Transactions as of: 14 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 15 Mar 2022, 19:09:35 UTC
Previous filing: 14 Mar 2022
Next filing: 18 Mar 2022
SEC: View on sec.gov

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		+968	+0.13%		770,649	14 Mar 2022	Direct	F3
holding	RDI	Class A Non-Voting Common Stock						1,336,899	14 Mar 2022	Co-Trustee and beneficiary of James J. Cotter Living Trust	F1
holding	RDI	Class A Non-Voting Common Stock						84,956	14 Mar 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	-968	-50%	$0.000000	968	14 Mar 2022	Class A Non-Voting Common Stock	968		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	3,872 restricted stock units granted on March 14, 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 14, 2020, March 14, 2021, March 14, 2022, and March 14, 2023.