4//SEC Filing
Feliciani Joseph 4
Accession 0001104659-20-133878
CIK 0001651052other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 9:32 PM ET
Size
9.5 KB
Accession
0001104659-20-133878
Insider Transaction Report
Form 4
Feliciani Joseph
Director
Transactions
- Award
Incentive Units in Focus Financial Partners, LLC
2020-12-07+9,341→ 9,341 totalExercise: $44.71→ Class A Common Stock - Award
Common Units in Focus Financial Partners, LLC
2020-12-07+951→ 951 total→ Class A Common Stock (951 underlying)
Footnotes (5)
- [F1]Each incentive unit in Focus Financial Partners, LLC ("Focus LLC") entitles the holder to receive distributions from Focus LLC if the aggregate distributions made by Focus LLC in respect of each common unit in Focus LLC issued and outstanding on or prior to date of the grant of the incentive unit exceeds a specified amount, referred to as the hurdle amount. The hurdle amount is set at the time of grant and typically represents the estimated fair value of a common unit on the date of grant. The figure reflected in column 2 is the hurdle amount assigned to each incentive award. Incentive units do not expire.
- [F2]Unvested incentive units will, at vesting, become exchangeable, subject to certain restrictions in the Fourth Amended and Restated Operating Agreement of Focus LLC, for (i) a number of shares of the Issuer's Class A common stock that takes into account the then-current value of the Issuer's Class A common stock and such incentive units' aggregate hurdle amount or, (ii) at the election of the Issuer, cash. The acquisition of the derivative securities was exempt from Section 16 of the Securities Exchange Act of 1934, as amended.
- [F3]These incentive units will vest in three equal installments on each anniversary of December 7, 2020, subject to the director's continued service.
- [F4]Unvested common units will, at vesting, become exchangeable, subject to certain restrictions in the Fourth Amended and Restated Operating Agreement of Focus LLC, for (i) an equal number of shares of the Issuer's Class A common stock or, (ii) at the election of the Issuer, cash. The acquisition of the derivative securities was exempt from Section 16 of the Securities Exchange Act of 1934, as amended.
- [F5]These common units will vest in three equal installments on each anniversary of December 7, 2020, subject to the director's continued service.
Documents
Issuer
Focus Financial Partners Inc.
CIK 0001651052
Entity typeother
Related Parties
1- filerCIK 0001344979
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 9:32 PM ET
- Size
- 9.5 KB