4//SEC Filing
Doran Jessica R 4
Accession 0001567619-19-000384
CIK 0001399249other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 5:50 PM ET
Size
6.5 KB
Accession
0001567619-19-000384
Insider Transaction Report
Form 4
Doran Jessica R
Chief Financial Officer
Transactions
- Award
Class B Units Options
2019-01-01+157,480→ 157,480 totalExercise: $5.97From: 2024-01-01Exp: 2029-01-01→ Class B Units (157,480 underlying)
Footnotes (2)
- [F1]On Jan. 1, 2019, the Operating Company granted the Reporting Person the right to acquire, beginning on Jan. 1, 2024, Delayed Exchange Class B Units of the Operating Company for $5.97 per unit until Jan. 1, 2029, subject to earlier expiration upon the occurrence of certain events. Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer when the Operating Company issues a Class B Unit to a new or existing member of the Operating Company, the Issuer will concurrently issue one share of its Class B Shares to the holder of such Class B Unit in exchange for the par value thereof.
- [F2]Delayed Exchange Class B units will be issued upon exercise of the option and will have the right to receive dividend payments, however, they are not eligible for exchange pursuant to the Exchange Rights of Class B Members until seven years after the grant date, at which time they will be 100% exchangeable for shares of the Issuer's Class A common stock (subject to the restructuring in the Exchange Rights Agreement). These Class B units do not carry any rights associated with the Issuer and Operating Company's Tax Receivable Agreement.
Documents
Issuer
Pzena Investment Management, Inc.
CIK 0001399249
Entity typeother
Related Parties
1- filerCIK 0001677958
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 5:50 PM ET
- Size
- 6.5 KB