Kraus Peter S 4
4 · ALLIANCEBERNSTEIN HOLDING L.P. · Filed Dec 21, 2012
Insider Transaction Report
Form 4
Kraus Peter S
DirectorChairman and CEO
Transactions
- Tax Payment
units rep. assignments of beneficial owner. of lp interests
2012-12-19$16.86/sh−273,947$4,618,746→ 3,266,463 total(indirect: By Trust)
Holdings
- 1,071,180
Holding Units
Footnotes (4)
- [F1]Units representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. ("Holding Units").
- [F2]The employment agreement between Reporting Person, AllianceBernstein Corporation, AllianceBernstein L.P. ("AllianceBernstein") and AllianceBernstein Holding L.P., dated as of December 19, 2008, and the extended employment agreement among these parties entered into on June 21, 2012 (which commences on January 2, 2014), each stipulates that applicable taxes in respect of each vesting of an installment of restricted Holding Units will be satisfied by AllianceBernstein retaining the portion of the restricted Holding Units in such installment having a fair market value (based on the closing price of a Holding Unit on the vesting date or the trading day immediately preceding the vesting date in the event the vesting date is not a trading day) equal to the tax withholding obligations on the installment of restricted Holding Units vesting on such date.
- [F3]Accordingly, AllianceBernstein withheld 273,947 Holding Units from Reporting Person's distribution based on the closing price of a Holding Unit on December 19, 2012.
- [F4]On December 19, 2012, 270,463 Holding Units previously owned by Reporting Person through a rabbi trust related to his restricted Holding Unit award were distributed to him.