4//SEC Filing
Manning William 4
Accession 0001209191-20-029946
CIK 0001524223other
Filed
May 17, 8:00 PM ET
Accepted
May 18, 8:57 AM ET
Size
10.1 KB
Accession
0001209191-20-029946
Insider Transaction Report
Form 4
Manning William
Director
Transactions
- Disposition to Issuer
Class A Units
2020-05-11$1.48/sh−733,460$1,085,521→ 0 total(indirect: By Manning & Napier Capital Company, L.L.C.)Exercise: $1.48From: 2017-11-17→ Class A Common Stock, $0.01 par value (733,460 underlying) - Disposition to Issuer
Class A Units
2020-05-11$1.51/sh−59,223,959$89,428,178→ 0 total(indirect: By LLC)Exercise: $1.51From: 2017-11-17→ Class A Common Stock, $0.01 par value (59,223,959 underlying)
Footnotes (6)
- [F1]Represents Class A units of Manning & Napier Group, LLC ("Group") that are owned directly by Manning & Napier Capital Company, L.L.C.
- [F2]The number of derivative securities shown is the number of Class A units of Group directly owned by Manning & Napier Capital Company, L.L.C. that are attributable to the interests of the Reporting Person. Each Class A unit of Group represents the right to receive cash or one share of Class A common stock of the Issuer, subject to an annual exchange process.
- [F3]The Reporting Person redeemed an aggregate of 59,957,419 Class A units of Group, of which the Issuer is the managing member. Such units are redeemable for an equal number of shares of the Issuer's Class A common stock or cash, at the election of the independent directors of the Issuer. The Issuer's independent directors determined to redeem the units for cash, and the settlement of the redemption occurred on May 11, 2020. Class A units of Group do not expire.
- [F4]Represents Class A units of Group that are owned directly by M&N Group Holdings ("Group Holdings").
- [F5]The number of derivative securities shown is the number of Class A units of Group directly owned by Group Holdings that are attributable to the interests of the Reporting Person. Each Class A unit of Group represents the right to receive cash or one share of Class A common stock of the Issuer, subject to an annual exchange process.
- [F6]The price reported in Column 2 and Column 8 is a weighted average price. These units were redeemed by Group as follows: (a) 34,696,444 Class A units of Group Holdings owned by MN Advisors, Inc. at a price of $1.48; (b) 6,808,523 of Class A units of Group Holdings owned by Manning & Napier Associates, LLC at a price of $1.56; and (c) 17,718,992 Class B units of Group Holdings owned by William Manning at price of $1.56. Following Group's redemption of these units of Group Holdings, the Group units were redeemed by the Issuer, the managing member of Group.
Documents
Issuer
Manning & Napier, Inc.
CIK 0001524223
Entity typeother
Related Parties
1- filerCIK 0001534508
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 8:57 AM ET
- Size
- 10.1 KB