DeSpirito Antonio 4
4 · Pzena Investment Management, Inc. · Filed Dec 26, 2012
Insider Transaction Report
Form 4
DeSpirito Antonio
Executive Vice President
Transactions
- Award
Phantom Class B Units ("Phantom Units")
2012-12-20$3.85/sh+779,221$3,000,001→ 779,221 total→ Class B Units (779,221 underlying)
Footnotes (2)
- [F1]Issued pursuant to the Pzena Investment Management, LLC (the "Operating Company") Amended and Restated 2006 Equity Incentive Plan (the "2006 Plan"). Subject to forfeiture provisions outlined in the respective award agreement, the Phantom Units vest, and become Class B units, ratably over a ten-year period beginning on the first anniversary of the date of grant, and do not participate in the dividends of the Operating Company until vested.
- [F2]Awarded on December 20, 2012 at $3.85, based on the fair market value of $5.24 on the date of grant, and discounted for non-participation in dividends of the Operating Company until vesting.