Martin Gregory S 4
4 · Pzena Investment Management, Inc. · Filed Dec 22, 2010
Insider Transaction Report
Form 4
Martin Gregory S
Chief Financial Officer
Transactions
- Award
Class B common stock, par value $0.000001
2010-12-20+5,175→ 27,675 total - Award
Restricted Class B units
2010-12-20+5,175→ 27,675 total→ Class A common stock, par value $0.01 (5,175 underlying)
Footnotes (3)
- [F1]The Reporting Person was granted restricted Class B units of Pzena Investment Management, LLC ("Pzena LLC")as a component of his 2010 compensation. Pursuant to the Pzena LLC Amended and Restated Operating Agreement dated October 30, 2007, as further amended (the "Operating Agreement"), a share of Class B common stock, par value $0.000001, is issued concurrently with each issuance of a Class B unit, in exchange for the par value thereof.
- [F2]The Restricted Class B units vest in an installment of 2,588 Class B units on December 20, 2011 and an installment of 2,587 Class B units on December 20, 2012.
- [F3]Each Class B unit is exchangeable for a share of the Issuer's Class A common stock subject to the timing and volume limitations set forth in the Operating Agreement.