Martin Gregory S 4
4 · Pzena Investment Management, Inc. · Filed Jan 4, 2012
Insider Transaction Report
Form 4
Martin Gregory S
Chief Financial Officer
Transactions
- Award
Class B common stock, par value $0.000001
2011-12-21+16,049→ 30,438 total - Award
Restricted Class B units
2011-12-21+16,049→ 13,286 total→ Class A common stock, par value $0.01 (16,049 underlying)
Holdings
- 30,438
Class B units
→ Class A common stock, par value $0.01 (30,438 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 2011 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]Of the 16,049 Restricted Class B units granted to the Reporting Person, 5,350 vest immediately, an installment of 5,349 vests on December 21, 2012 and an installment of 5,350 vests on December 21, 2013.
- [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.