Artisan Partners Asset Management Inc. 4
4 · Artisan Partners Asset Management Inc. · Filed Feb 28, 2017
Insider Transaction Report
Form 4
DALEY CHARLES J JR
Exec VP, CFO & Treasurer10% Owner
Transactions
- Disposition to Issuer
Class B Common Stock, par value $0.01 per share
2017-02-28−37,554→ 97,779 total - Disposition to Issuer
Class B Common Units of Artisan Partners Holdings LP
2017-02-28$28.88/sh−37,554$1,084,560→ 97,779 total→ Class A Common Stock, par value $0.01 per share (37,554 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 February 28, 2017, pursuant to the Partnership Unit Purchase Agreement dated February 8, 2017 by and between the Company and Mr. Daley, the Company purchased 37,554 Class B Common Units from Mr. Daley for $28.88 per unit and Mr. Daley 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"), dated March 12, 2013, 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.