LEAMAN J RICHARD III 4
4 · Moelis & Co · Filed Mar 16, 2018
Insider Transaction Report
Form 4
LEAMAN J RICHARD III
DirectorManaging Partner
Transactions
- Disposition to Issuer
Partnership Interests
2018-03-14$50.00/sh−13,068$653,400→ 41,762 total(indirect: By Trust)Exercise: $50.00→ Class A Common Stock, par value $0.01 (13,068 underlying) - Disposition to Issuer
Partnership Interests
2018-03-14$50.00/sh−100,164$5,008,200→ 320,112 totalExercise: $50.00→ Class A Common Stock, par value $0.01 (100,164 underlying)
Footnotes (4)
- [F1]Represents partnership interest in Moelis & Company Partner Holdings LP ("Partner Holdings") which are exchangeable for Class A partnership units in Moelis & Company Group LP ("Group LP"). Each Group LP Class A partnership unit is exchangeable for a share of Moelis & Company Class A common stock (subject to customary adjustments), or cash, at Group LP's option.
- [F2]In connection with the public offering of Moelis & Company common stock closed on March 14, 2018, Moelis & Company purchased such Partnership Interests from the reporting person using the proceeds of the offering. The transaction was approved by the Company's board of directors pursuant to rule 16b-3.
- [F3]Pursuant to Group LP's agreement of limited partnership, Group LP Class A partnership units held by the reporting person are not exchangeable for Moelis & Company Class A common stock until the expiration or waiver of certain lock-up periods, commencing on the fourth anniversary of the closing of the initial public offering of Moelis & Company Class A common stock.
- [F4]Represents transaction by Family Trust Created Under the J. Richard Leaman III 2010 Grantor Retained Annuity Trust , of which Mr. Leaman's children are the primary beneficiaries. Mr. Leaman may have indirect voting and dispositive power over the assets of the trust as a result of his relationship to the trustee