4//SEC Filing
Pzena Investment Management, Inc. 4
Accession 0001140361-17-000463
CIK 0001399249operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:05 PM ET
Size
6.7 KB
Accession
0001140361-17-000463
Insider Transaction Report
Form 4
Galbraith Steven M
Director
Transactions
- Award
Phantom Class A common stock
2017-01-01$11.11/sh+8,100$89,991→ 95,984 total→ Class A common stock, par value $0.01 (8,100 underlying)
Footnotes (3)
- [F1]Issued in connection with the Reporting Person's 2017 non-employee director annual retainer in the amount of $85,000, and $5,000 annual retainer for service as Chairman of the Compensation Committee, both of which are 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 30, 2016.
- [F2]Each share of Phantom Class A common stock ("Phantom Stock") is the economic equivalent on 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 5,066 share of Phantom Stock issued in-kind as dividend payment.
Documents
Issuer
Pzena Investment Management, Inc.
CIK 0001399249
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001399249
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:05 PM ET
- Size
- 6.7 KB