Artisan Partners Asset Management Inc. 4
4 · Artisan Partners Asset Management Inc. · Filed Mar 12, 2014
Insider Transaction Report
Form 4
Patenaude Dean J
Exec VP - Global Distribution
Transactions
- Disposition to Issuer
Class B Common Stock, par value $0.01 per share
2014-03-12−27,237→ 154,346 total - Disposition to Issuer
Class B Common Units of Artisan Partners Holdings LP
2014-03-12$59.67/sh−27,237$1,625,368→ 154,346 total→ Class A Common Stock, par value $0.01 per share (27,237 underlying)
Footnotes (3)
- [F1]In connection with the Company's initial public offering and related reorganization transactions, on March 12, 2013, each holder of a Class B common unit ("Class B Common Unit") of Artisan Partners Holdings LP received a number of shares of Class B common stock, par value $0.01 per share ("Class B Common Stock"), of the Company equal to the number of Class B Common Units then held by such person. Shares of Class B Common Stock do not have economic rights.
- [F2]On March 12, 2014, pursuant to the Partnership Unit Purchase Agreement by and between the Company and Mr. Patenaude, the Company purchased 27,237 Class B Common Units from Mr. Patenaude for $59.675 per unit and Mr. Patenaude delivered to the Company an equal number of shares of Class B Common Stock for cancellation.
- [F3]Pursuant to an Exchange Agreement among the Company and each holder of limited partnership units of Artisan Partners Holdings LP ("Exchange Agreement"), which became effective on March 12, 2013, following March 12, 2014, each holder of Class B Common Units has the right, pursuant to and subject to the limitations and restrictions set forth in the Exchange Agreement, to exchange his, her or its Class B Common Units for an equal number of shares of Class A common stock, par value $0.01 per share ("Class A Common Stock"), of the Company. Upon any such exchange for Class A Common Stock, the corresponding shares of Class B Common Stock then held by such holder will be cancelled. The Class B Common Units have no expiration date.