4//SEC Filing
Dyett John 4
Accession 0000905718-20-000886
CIK 0001611110other
Filed
Aug 20, 8:00 PM ET
Accepted
Aug 21, 4:57 PM ET
Size
6.6 KB
Accession
0000905718-20-000886
Insider Transaction Report
Form 4
Dyett John
Director
Transactions
- Award
Restricted Stock Units
2020-08-20+94,375→ 94,375 total→ Class A Common Stock (94,375 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of issuer Class A common stock.
- [F2]On the transaction date, the Reporting Person delivered his election to receive 100% of his director fees for the May 2020 to May 2021 period (the "2020-21 Term") in the form of RSUs. These director fees were approved by the issuer's board of directors on August 11, 2020 (the "Grant Date") in connection with the Reporting Person's appointment to the board on such 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 (prorated to reflect the portion of the 2020-21 Term commencing with the Reporting Person's date of appointment) by the closing price of a share of Class A common stock on the Grant Date.
- [F3]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 the Grant Date and the date of the change in control and the denominator of which is 293.
Documents
Issuer
MEDLEY MANAGEMENT INC.
CIK 0001611110
Entity typeother
Related Parties
1- filerCIK 0001610631
Filing Metadata
- Form type
- 4
- Filed
- Aug 20, 8:00 PM ET
- Accepted
- Aug 21, 4:57 PM ET
- Size
- 6.6 KB