X0303 4 2011-07-01 0 0001038222 Reis, Inc. REIS 0001108889 DEL GIUDICE MICHAEL J C/O REIS, INC. 530 FIFTH AVENUE, 5TH FLOOR NEW YORK NY 10036 1 0 0 0 Restricted Stock Units 2011-07-01 4 A 0 1158 0.00 A 44061 D Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of REIS common stock. The RSUs are immediately vested upon grant. Shares of common stock will be delivered to the reporting person six months after termination of service as a director. Represents 31,561 RSUs and 12,500 shares of common stock held by the reporting person. /s/ Alexander G. Simpson, as Attorney-in-Fact 2011-07-05