GREENBLATT JOEL 4
4 · Pzena Investment Management, Inc. · Filed Jan 3, 2013
Insider Transaction Report
Form 4
GREENBLATT JOEL
Director
Transactions
- Award
Phantom Class A common stock
2013-01-01$5.40/sh+12,962$69,995→ 49,837 total→ Class A common stock, par value $0.01 (12,962 underlying)
Footnotes (3)
- [F1]Issued in connection with the Reporting Person's 2013 non-employee director annual retainer in the amount of $70,000, 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.