Taubman Paul J 4
4 · PJT Partners Inc. · Filed Sep 26, 2018
Insider Transaction Report
Form 4
Taubman Paul J
DirectorChairman and CEO
Transactions
- Award
LTIP Units of PJT Partners Holdings LP
2018-09-24+60,000→ 60,000 total→ Class A Common Stock (60,000 underlying)
Footnotes (1)
- [F1]Represents a series of LTIP Units of PJT Partners Holdings LP ("PJT Holdings"). The grant of these LTIP Units was approved on September 24, 2018 and becomes effective on October 1, 2018. These LTIP Units generally vest ratably over three years on each of October 1, 2019, October 1, 2020 and October 1, 2021. Upon the occurrence of specified events, the LTIP Units reported herein can automatically be converted into Partnership Units of PJT Holdings on a one-for-one basis. Subject to the terms of an exchange agreement, on a quarterly basis, Partnership Units of PJT Holdings may be exchanged for cash or, at the election of the Issuer, shares of Class A common stock of the Issuer on a one-for-one basis.