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Filing Details

Accession Number:: 0001104659-10-039180
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-07-22 13:00:00
Reporting Period:: 2010-07-21

Filing Date:: 2010-07-22
Accepted Time:: 2010-07-22 21:02:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1327471	Reald Inc.	RLD	Radio & Tv Broadcasting & Communications Equipment (3663)	770620426

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1496593	M. William Budinger	C/O Reald Inc. 100 N. Crescent Drive, Suite 120 Beverly Hills CA 90210		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-07-21	1,125,000	$0.00	1,125,000	No	4	C	Indirect	See Footnote
Common Stock	Acquisiton	2010-07-21	302,205	$0.00	302,205	No	4	C	Indirect	See Footnote
Common Stock	Disposition	2010-07-21	655,005	$14.88	1,657,200	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See Footnote
No	4	C	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Convertible Preferred Stock	Disposition	2010-07-21	750,000	$0.00	1,125,000	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2010-07-21	201,470	$0.00	302,205	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect
0			No	4	C	Indirect

Footnotes

The Issuer's Series A Convertible Preferred Stock (the "Series A Preferred") and Series B Convertible B Preferred Stock (the "Series B Preferred") automatically converted into shares of its Common Stock (the "Common Stock") at a conversion rate of 1.5 shares of Common Stock per share of Series A Preferred Stock and Series B Preferred Stock, which reflected the 1-for-1.5 forward stock split of the Common Stock that was effected by the Issuer on June 28, 2010. The Reporting Person was deemed to beneficially own (A) 750,000 shares of Series A Preferred Stock and (B) 201,470 shares of Series B Preferred Stock, which automatically converted into (A) 1,125,000 shares of Common Stock and (B) 302,205 shares of Common Stock upon the closing of the Issuer's qualified initial public offering, as defined in the Issuer's certificate of incorporation, as amended through July 12, 2010.
These shares are held by Torque Investments, LLC. Torque Investments, LLC is 99.0% owned by the William M. Budinger Revocable Trust and 1.0% owned by Sunnyside Investments, Inc. Mr. Budinger is the sole trustee of the trust and the President of Sunnyside Investments, Inc. and has voting and investment power over all the shares held by Torque Investments, LLC, and may be deemed, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), to be the indirect beneficial owner of the Series A Preferred Stock and Series B Preferred Stock as converted into Common Stock that are the subject of this report (collectively, the "Issuer Securities"). The Reporting Person disclaims beneficial ownership of the Issuer Securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
These securities were exercisable immediately.
These shares did not have an expiration date.