4//SEC Filing
LEEDS JEFFREY T 4
Accession 0000905718-20-000748
CIK 0001611110other
Filed
Jul 13, 8:00 PM ET
Accepted
Jul 14, 4:04 PM ET
Size
10.6 KB
Accession
0000905718-20-000748
Insider Transaction Report
Form 4
LEEDS JEFFREY T
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2020-05-29+30,465→ 88,532 total - Award
Restricted Stock Units
2020-07-13+51,578→ 51,578 total→ Class A Common Stock (51,578 underlying) - Exercise/Conversion
Restricted Stock Units
2020-05-29−30,465→ 0 total→ Class A Common Stock (30,465 underlying)
Footnotes (5)
- [F1]Acquisition of Class A common stock upon vesting of restricted stock units reflected with Footnote 2. Each restricted stock unit converted into Class A common stock of the issuer on a one-for-one basis.
- [F2]Disposition of restricted stock units upon vesting into shares of Class A common stock as reflected with Footnote 1. The restricted stock units vested on May 29, 2020.
- [F3]Each restricted stock unit represents a contingent right to receive one share of issuer Class A common stock.
- [F4]On the transaction date, the Reporting Person delivered his election to receive 50% of his director fees for the May 2020 to May 2021 period in the form of RSUs. These director fees were approved by the issuer's compensation committee and board of directors on June 25, 2020 (the "Grant Date"), with RSUs being issued to the Reporting Person covering the number of shares of Class A common stock as determined by dividing the dollar amount of director fees elected by the Reporting Person to be received in RSUs by the closing price of a share of Class A common stock on the Grant Date.
- [F5]The restricted stock units vest on May 30, 2021, provided, however, that in the event that a change in control occurs prior to such time as the restricted stock units have fully vested, the Reporting Person shall fully vest in such portion of the restricted stock units as is determined by multiplying the number of restricted stock units by a fraction, the numerator of which is the number of days elapsed between May 30, 2020 and the date of the change in control (but in any event no more than 365) and the denominator of which is 365.
Documents
Issuer
MEDLEY MANAGEMENT INC.
CIK 0001611110
Entity typeother
Related Parties
1- filerCIK 0001245798
Filing Metadata
- Form type
- 4
- Filed
- Jul 13, 8:00 PM ET
- Accepted
- Jul 14, 4:04 PM ET
- Size
- 10.6 KB