Levin Daniel D 4
4 · Oaktree Capital Group, LLC · Filed Mar 29, 2019
Insider Transaction Report
Form 4
Levin Daniel D
See Remarks
Transactions
- Award
Class A Units
2019-03-28+23,705→ 135,700 total - Award
OCGH Units
2019-03-28+29,856→ 29,856 total→ Class A Units (29,856 underlying)
Footnotes (4)
- [F1]Granted under the Issuer's 2011 Equity Incentive Plan and will generally vest in equal annual installments over four years with the first vesting date occurring on February 15, 2020.
- [F2]Each OCGH unit represents a limited partnership interest in Oaktree Capital Group Holdings, L.P. ("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 into, 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 3)
- [F3]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.
- [F4]Granted under the Issuer's 2011 Equity Incentive Plan and will generally vest in equal annual installments over ten years with the first vesting date occurring on February 15, 2020.