4//SEC Filing
Allorto Richard T JR 4
Accession 0000905718-21-000063
CIK 0001611110other
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 4:01 PM ET
Size
12.4 KB
Accession
0000905718-21-000063
Insider Transaction Report
Form 4
Allorto Richard T JR
Chief Financial Officer
Transactions
- Conversion
Medley LLC Units
2021-01-19−73,471→ 0 total(indirect: By LLC)→ Class A Common Stock (73,471 underlying) - Conversion
Class A Common Stock
2021-01-19+73,471→ 133,224 total(indirect: By LLC) - Disposition to Issuer
Medley LLC Units
2021-01-15−59,753→ 0 total→ Class A Common Stock (59,753 underlying) - Award
Class A Common Stock
2021-01-15+59,753→ 59,753 total
Footnotes (4)
- [F1]Each Class A Unit of Medley LLC ("Medley LLC Unit") was exchanged for one share of Class A Common Stock of Medley Management Inc ("MDLY"). The Medley LLC Units were convertible at any time on a one-for-one basis and had no expiration date. Reporting Person is the managing member and owns 99% of New Castle Capital LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F2]Pursuant to the MDLY 2014 Omnibus Incentive Plan, Reporting Person was granted 59,753 Class A Common Stock restricted stock units (RSU). Subject to customary acceleration provisions and continued employment, 3,075 RSUs vest on January 18, 2021, 3,968 vest on January 1, 2022, 33,029 vest on January 15, 2022, 3,074 vest on January 18, 2022, 1,667 vest on February 22, 2022, 3,966 vest on January 1, 2023, 3,074 vest on January 18, 2023, and 7,900 shall 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. Each RSU represents a contingent right to receive one share of Class A Common Stock and has no expiration date.
- [F3]The Medley LLC Units were convertible at any time on a one-for-one basis and had no expiration date. The Reporting Person disposed of Medley LLC Units in exchange for RSUs.
- [F4]Reflects a portion of unvested RSUs.
Documents
Issuer
MEDLEY MANAGEMENT INC.
CIK 0001611110
Entity typeother
Related Parties
1- filerCIK 0001395260
Filing Metadata
- Form type
- 4
- Filed
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 4:01 PM ET
- Size
- 12.4 KB