4//SEC Filing
Galbraith Steven M 4
Accession 0001140361-13-000591
CIK 0001399249other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 3:22 PM ET
Size
6.7 KB
Accession
0001140361-13-000591
Insider Transaction Report
Form 4
Galbraith Steven M
Director
Transactions
- Award
Phantom Class A common stock
2013-01-01$5.40/sh+13,888$74,995→ 50,763 total→ Class A common stock, par value $0.01 (13,888 underlying)
Footnotes (3)
- [F1]Issued in connection with the Reporting Person's 2013 non-employee director annual retainer in the amount of $70,000, together with $5,000 for service as chair of the Compensation and Benefits Committee. This compensation is payable at the director's option, either 100% in cash, 100% in shares of the Issuer's Class A common stock, or 50% payable in cash and 50% in shares of the Issuer's Class A common stock. All shares of the Issuer's Class A common stock were valued at the closing price on December 31, 2012.
- [F2]Each share of Phantom Class A common stock ("Phantom Stock") is the economic equivalent of one share of the Issuer's Class A common stock ("Common Stock"). The shares of Phantom Stock become payable in a single distribution of shares of Common Stock, at such time as elected by the Reporting Person at the time such deferral was made pursuant to Section 3.4 of the Pzena Investment Management, Inc. Non-Employee Director Deferred Compensation Plan (previously filed as Exhibit 10.1 to the Issuer's quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on November 9, 2009).
- [F3]Includes an aggregate of 2,587 shares of Phantom Stock issued in-kind as dividend payments.
Documents
Issuer
Pzena Investment Management, Inc.
CIK 0001399249
Entity typeother
Related Parties
1- filerCIK 0001411020
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 3:22 PM ET
- Size
- 6.7 KB