SEC Form 4 · accession 0000899243-17-005711
Brookfield Oaktree Holdings, LLC · OAK-PA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry W Keele
Director
Period of report
Dec 9, 2015
Accepted (ET)
Mar 1, 2017 · 6:12 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001403528
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OCGH UnitsF2,F3 | — | Dec 9, 2015 | G | 460,735 | D | — | — | Class A Units | 460,735 | 0 | I |
| OCGH UnitsF4,F2,F3 | — | Dec 9, 2015 | G | 460,735 | A | — | — | Class A Units | 460,735 | 817,161 | I |
| OCGH UnitsF5,F2,F3 | — | holding | — | — | — | — | — | Class A Units | 2,084,534 | 2,084,534 | D |
Explanation of responses
- F1This Form 4 has been filed to report a transfer of 460,735 limited partnership units ("OCGH units") of Oaktree Capital Group Holdings, L.P. ("OCGH") in the aggregate by a grantor retained annuity trust to two trusts controlled by Mr. Keele in his capacity as trustee (the "Keele Trusts") on December 9, 2015 in accordance with the terms of the grantor retained annuity trust. The OCGH units transferred by the grantor retained annuity trust had previously been reported as directly owned by Mr. Keele. For the avoidance of doubt, following such transactions, there was no change in the aggregate number of OCGH units beneficially owned by Mr. Keele.
- F2Each OCGH unit represents a limited partnership interest in OCGH. Pursuant to an exchange agreement and subject to certain restrictions, including the approval of the exchange by the Issuer's board of directors, each holder of OCGH units has the right to exchange his or her vested OCGH units for, at the option of the Issuer's board of directors, Class A units on a one-for-one basis, an equivalent amount of cash based on then-prevailing market prices, other consideration of equal value or any combination of the foregoing, with adjustments, as applicable, to account for the disproportionate sharing among certain OCGH unitholders of the historical incentive income of certain of the Issuer's closed-end funds that held their final closing before the Issuer's May 2007 restructuring. (Continued in footnote 3)
- F3The adjustments will be made pursuant to the OCGH limited partnership agreement to account for the fact that, as a result of the May 2007 restructuring, the interests of certain OCGH unitholders in historical incentive income are disproportionately larger or smaller than their pro rata interest in the Issuer's business, depending on when the unitholder's interest in the Issuer's business was acquired.
- F4This balance represents the number of OCGH units held by the Keele Trusts as of the date of this filing and includes OCGH units held by the Keele Trusts that were previously reported as held directly by Mr. Keele.
- F5This balance represents the number of OCGH units held directly by Mr. Keele as of the date of this filing. Mr. Keele disclaims beneficial ownership of the OCGH units reported on this Form 4, except to the extent of his pecuniary interest therein.