4//SEC Filing
Molz Todd E 4
Accession 0000899243-19-014048
CIK 0001403528other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 6:35 PM ET
Size
10.4 KB
Accession
0000899243-19-014048
Insider Transaction Report
Form 4
Molz Todd E
General Counsel,MD & Secretary
Transactions
- Gift
Class A Units
2019-05-16−10,000→ 119,203 total - Exercise/Conversion
OCGH Units
2019-05-15−10,000→ 180,884 total→ Class A Units (10,000 underlying) - Exercise/Conversion
Class A Units
2019-05-15+10,000→ 129,203 total
Footnotes (3)
- [F1]In furtherance of a charitable contribution, the Reporting Person exchanged 10,000 limited partnership units ("OCGH Units") of Oaktree Capital Group Holdings, L.P. ("OCGH") for 10,000 Class A Units ("Class A Units") of the Issuer pursuant to an exchange agreement, as further described in footnotes 4 and 5 below.
- [F2]Each OCGH Unit represents a limited partnership interest in OCGH. Pursuant to an exchange agreement and subject to certain restriction, including the approval of the exchange by the Issuer's board of directors, each holder of OCGH Units may exchange, or may be required to exchange, if approved by the Issuer's board of directors, his or her 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 considerations 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 5)
- [F3]The adjustment 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 interest 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.
Documents
Issuer
Oaktree Capital Group, LLC
CIK 0001403528
Entity typeother
Related Parties
1- filerCIK 0001529617
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 6:35 PM ET
- Size
- 10.4 KB