5//SEC Filing
KARSH BRUCE A 5
Accession 0000899243-18-003735
CIK 0001403528other
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 8:55 PM ET
Size
13.6 KB
Accession
0000899243-18-003735
Insider Transaction Report
Form 5
KARSH BRUCE A
DirectorPresident and Principal
Transactions
- Gift
OCGH Units
2017-09-14−2,493,662→ 0 total(indirect: By Trust)→ Class A Units (2,493,662 underlying) - Gift
OCGH Units
2017-09-14+2,493,662→ 3,484,009 total(indirect: By Trust)→ Class A Units (2,493,662 underlying)
Holdings
- 10,856,756
OCGH Units
→ Class A Units (10,856,756 underlying) - 2,925,002(indirect: See footnote)
OCGH Units
→ Class A Units (2,925,002 underlying)
Footnotes (6)
- [F1]Each limited partnership unit ("OCGH unit") of Oaktree Capital Group Holdings, L.P. ("OCGH") represents a limited partnership interest in OCGH. Pursuant to an exchange agreement and subject to certain restrictions, including the approval of the exchange by the Issuer's board of directors, each holder of OCGH units has the right to exchange his or her vested OCGH units for, at the option of the Issuer's board of directors, Class A units on a one-for-one basis, an equivalent amount of cash based on then-prevailing market prices, other consideration of equal value or any combination of the foregoing, with adjustments, as applicable, to account for the disproportionate sharing among certain OCGH unitholders of the historical incentive income of certain of the Issuer's closed-end funds that held their final closing before the Issuer's May 2007 restructuring. (Continued in footnote 2)
- [F2]The adjustments will be made pursuant to the OCGH limited partnership agreement to account for the fact that, as a result of the May 2007 restructuring, the interests of certain OCGH unitholders in historical incentive income are disproportionately larger or smaller than their pro rata interest in the Issuer's business, depending on when the unitholder's interest in the Issuer's business was acquired.
- [F3]Reflects a transfer of 2,493,662 OCGH units in the aggregate by a terminating grantor retained annuity trust to three trusts controlled by Mr. Karsh in his capacity as trustee and 7,565 OCGH units to Mr. Karsh in satisfaction of a final annuity payment in accordance with the terms of the grantor retained annuity trust. The OCGH units transferred by the grantor retained annuity trust had previously been reported as directly owned by Mr. Karsh.
- [F4]Held by three trusts controlled by Mr. Karsh in his capacity as trustee (the "Karsh Trusts").
- [F5]Held by Mr. Karsh. Includes OCGH units held by Mr. Karsh through a grantor retained annuity trust.
- [F6]Held by an entity controlled by Mr. Karsh.
Documents
Issuer
Oaktree Capital Group, LLC
CIK 0001403528
Entity typeother
Related Parties
1- filerCIK 0001187256
Filing Metadata
- Form type
- 5
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 8:55 PM ET
- Size
- 13.6 KB