SEC Form 4 · accession 0000899243-16-013603
Evercore Inc. · EVR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward S Hyman
Officer — Vice Chair EPI & Chairman EISI
Period of report
Feb 15, 2016
Accepted (ET)
Feb 17, 2016 · 6:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001360901
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class E Units of Evercore LPF2,F1 | — | Feb 15, 2016 | A | 179,276 | A | — | — | Shares of Class A common stock, par value $0.01 per share | 179,276 | 1,362,496 | I |
Explanation of responses
- F1On February 15, 2016, a portion of the Class G interests in Evercore LP held by the Reporting Person converted into a total of 179,276 Class E units due to the achievement of financial performance targets for Evercore's equity sales, trading and research business, as specified in the terms and conditions of the Class G interests. Pursuant to the Certificate of Incorporation of Evercore Partners Inc. and the Limited Partnership Agreement of Evercore LP, these newly delivered Class E units are, subject to certain restrictions, currently exchangeable on a one-for-one basis, without the payment of any consideration, into Class A common stock on quarterly exchange dates.
- F2The Reporting Person holds 1,358,136 of his total Class E units through ISI Holding, Inc. and 4,360 of the Class E units through ISI Holding II, Inc., each of which is a corporation controlled by the Reporting Person.