4//SEC Filing
Oaktree Capital Group, LLC 4
Accession 0001209191-14-070120
$OAK-PACIK 0001403528operating
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 6:15 PM ET
Size
10.2 KB
Accession
0001209191-14-070120
Insider Transaction Report
Form 4
Ford B James
Managing Director
Transactions
- Exercise/Conversion
Class A Units
2014-11-18+20,000→ 20,120 total - Gift
Class A Units
2014-11-19−20,000→ 120 total - Exercise/Conversion
OCGH Units
2014-11-18−20,000→ 1,223,337 total→ Class A Units (20,000 underlying)
Footnotes (3)
- [F1]In furtherance of a charitable contribution, the Reporting Person exchanged 20,000 limited partnership units ("OCGH units") in Oaktree Capital Group Holdings, L.P. ("OCGH") for 20,000 Class A units ("Class A Units") of the Issuer pursuant to an exchange agreement, as further described in footnotes 2 and 3 below.
- [F2]Each OCGH unit represents a limited partnership interest in OCGH. Pursuant to an exchange agreement and subject to certain restrictions, including the approval of the exchange by the Issuer's board of directors, each holder of OCGH units has the right to exchange his or her vested OCGH units for, at the option of the Issuer's board of directors, Class A units on a one-for-one basis, an equivalent amount of cash based on then-prevailing market prices, other consideration of equal value or any combination of the foregoing, with adjustments, as applicable, to account for the disproportionate sharing among certain OCGH unitholders of the historical incentive income of certain of the Issuer's closed-end funds that held their final closing before the Issuer's May 2007 restructuring. (Continued in footnote 3)
- [F3]The adjustments will be made pursuant to the OCGH limited partnership agreement to account for the fact that, as a result of the May 2007 restructuring, the interests of certain OCGH unitholders in historical incentive income are disproportionately larger or smaller than their pro rata interest in the Issuer's business, depending on when the unitholder's interest in the Issuer's business was acquired.
Documents
Issuer
Oaktree Capital Group, LLC
CIK 0001403528
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001403528
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 6:15 PM ET
- Size
- 10.2 KB