Allorto Richard T JR 4
4 · MEDLEY MANAGEMENT INC. · Filed May 15, 2018
Insider Transaction Report
Form 4
Allorto Richard T JR
Chief Financial Officer
Transactions
- Award
Medley LLC Units
2018-05-11+49,000→ 825,061 total→ Common Stock (49,000 underlying) - Award
Medley LLC Units
2018-05-11+79,000→ 904,061 total→ Common Stock (79,000 underlying)
Footnotes (2)
- [F1]Reporting Person is an existing member and holds Class A Units of Medley LLC ("Medley LLC Units"). In connection with Reporting Person's services, on May 11, 2018, Reporting Person was granted 49,000 restricted Medley LLC Units. Pursuant to the Exchange Agreement dated September 23, 2014, among Issuer, Medley LLC and the holders of Medley LLC Units (the "Exchange Agreement"), each vested Medley LLC Unit may be exchanged for one share of Common Stock. Subject to customary acceleration provisions, these restricted Medley LLC Units vest annually in three equal installments commencing January 1, 2021.
- [F2]Reporting Person is an existing member and holds Medley LLC Units. In connection with Reporting Person's services, on May 11, 2018, Reporting Person was granted 79,000 restricted Medley LLC Units. Pursuant to the Exchange Agreement, each vested Medley LLC Unit may be exchanged for one share of Common Stock. These restricted Medley LLC Units vest upon (i) termination without cause in connection with a change in control, or (ii) provided the Reporting Person has not undergone a termination prior thereto, upon (a) the occurrence of a change in control, or (b) death or disability.