SEC Form 4/A · accession 0001318148-15-000002
FEDERATED HERMES, INC. · FHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
John W McGonigle
Officer — Vice Chairman, Sec, EVP · Director
Period of report
Nov 14, 2014
Accepted (ET)
Jan 26, 2015 · 4:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001056288
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2,F1,F3 | Nov 14, 2014 | G | 7,074 | — | D | 2,075,324 | I | Held indirectly by Fairview Partners L.P. |
| Class B Common StockF5,F4,F3 | Nov 14, 2014 | S$0 | 114,143 | — | D | 2,075,324 | I | Held indirectly by Fairview Partners L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported securities are held by Fairview Partners, a limited partnership of which 713 Investment Corp. is the sole general partner. Mr. McGonigle and his wife are shareholders and directors of 713 Investment Corp. On November 14, 2014, the reporting person and his wife gifted partnership interest to their children and grandchildren. The reporting person disclaims beneficial ownership of the Federated Investors, Inc. Class B Common Stock held by Fairview Partners except to the extent of his pecuniary interest therein. This transaction did not involve any public sale of shares.
- F2Box 4 of original Form 4 filed November 18, 2014 indicated that an estimated 7,074 shares of Federated Investors, Inc. Class B Common Stock were transferred as a result of Mr. McGonigle and his wife gifting partnership interests in Fairview Partners L.P. to their children and grandchildren. The estimated number of shares was provided because the percentage partnership interest in Fairview Partners, L.P. was subject to an independent valuation. Subsequent to the November 18, 2014 filing, the independent valuation was performed and it was determined that 7,074 shares had actually been transferred as a result of the gifting.
- F3The amount of securities beneficially owned in column 5 is reported as of November 14, 2014.
- F4The reported securities are held by Fairview Partners, a limited partnership of which 713 Investment Corp. is the sole general partner. Mr. McGonigle and his wife are shareholders and directors of 713 Investment Corp. On November 14, 2014, the reporting person and his wife sold a 5.5% interest in Fairview Partners, L.P. to The John W. and Mary Ita McGonigle Grantor Dynasty Trust established for the benefit of the reporting person's Descendants. The interest was sold in exchange for a note, equal to the value of the 5.5% partnership interest and was done for family wealth transfer purposes. The Federated Investors, Inc. Class B Common Stock held by Fairview Partners, L.P. was valued at $31.19 per share on the date of the transaction. The reporting person disclaims beneficial ownership of the Federated Investors, Inc. Class B Common Stock held by Fairview Partners, L.P. except to the extent of his pecuniary interest therein. This transaction did not involve any public sale of shares.
- F5Box 4 of original Form 4 filed November 18, 2014 indicated that an estimated 114,143 shares of Federated Investors, Inc. Class B Common Stock were transferred as a result of the sale of a 5.5% interest in Fairview Partners, L.P. to The John W. and Mary Ita McGonigle Grantor Dynasty Trust established for the benefit of the reporting person's Descendants. The estimated number of shares was provided because the percentage partnership interest in Fairview Partners, L.P. was subject to an independent valuation. Subsequent to the November 18, 2014 filing, the independent valuation was performed and it was determined that 114,143 shares had actually been transferred as a result of the sale.
Remarks
The Power of Attorney dated April 24, 2014 is incorporated herein by reference.