4//SEC Filing
Pzena Investment Management, Inc. 4
Accession 0001399249-13-000052
CIK 0001399249operating
Filed
Nov 25, 7:00 PM ET
Accepted
Nov 26, 1:25 PM ET
Size
14.0 KB
Accession
0001399249-13-000052
Insider Transaction Report
Form 4
DeSpirito Antonio
Executive Vice President
Transactions
- Tax Payment
Class B common stock, par value $0.000001
2013-11-22−74,593→ 727,024 total - Exercise/Conversion
Class B Units
2013-11-22$4.22/sh+148,301$625,830→ 801,617 total→ Class A common stock, par value $0.01 (148,301 underlying) - Exercise/Conversion
Class B Unit Options
2013-11-22−148,301→ 0 totalExercise: $4.22From: 2008-12-31Exp: 2018-12-31→ Class B Units (148,301 underlying) - Tax Payment
Class B Units
2013-11-22$8.39/sh−74,593$625,835→ 727,024 total→ Class A common stock, par value $0.01 (74,593 underlying) - Exercise/Conversion
Class B common stock, par value $0.000001
2013-11-22+148,301→ 801,617 total
Holdings
- 600,737
Class A common stock, par value $0.01
Footnotes (2)
- [F1]On December 31, 2008, Pzena Investment Management, LLC ("Pzena LLC") granted the Reporting Person the right to acquire Class B Units of Pzena LLC for $4.22 per unit until December 31, 2018, subject to earlier expiration upon the occurrence of certain events. Pursuant to the Amended and Restated Certificate of Incorporation of Pzena Inc. when Pzena LLC issues a Class B Unit to a new or existing member of Pzena LLC, Pzena Inc. will concurrently issue one share of its Class B common stock to the holder of such Class B Unit in exchange for the par value thereof.
- [F2]Represents units of Pzena LLC that were reclassified as "Class B Units" of Pzena LLC on a one-for-one basis in connection with the amendment and restatement of Pzena LLC's operating agreement as of October 30, 2007 ("the Amended Pzena LLC Agreement"), among Pzena Inc., as the Managing Memberof Pzena LLC and the holder of certain units of Pzena LLC, and the holders of such reclassified units of Pzena LLC. Pursuant to the Amended Pzena LLC Agreement, each Class B Unit is exchangeable for a share of Class A common stock of Pzena Inc., subject to the timing and volume limitations set forth in the Amended Pzena LLC Agreement.
Documents
Issuer
Pzena Investment Management, Inc.
CIK 0001399249
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001399249
Filing Metadata
- Form type
- 4
- Filed
- Nov 25, 7:00 PM ET
- Accepted
- Nov 26, 1:25 PM ET
- Size
- 14.0 KB