SEC Form 4 · accession 0001181431-15-002548
Apollo Global Management LLC · APO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
A B Krongard
Director
Period of report
Feb 11, 2015
Accepted (ET)
Feb 13, 2015 · 5:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001411494
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A SharesF1,F2,F3 | Feb 11, 2015 | S | 182,500 | $23.795 | D | 20,043 | D | |
| Class A SharesF1,F2,F4 | Feb 11, 2015 | P | 182,500 | $23.795 | A | 250,000 | I | Alvin B. Krongard Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a sale of 182,500 Class A shares by the reporting person to the 2012 Alvin B. Krongard Family Trust (the "Trust") for the benefit of the reporting person's children for which the reporting person's children are the trustees. See footnote 4.
- F2The trust paid for the 182,500 Class A shares with a promissory note in a principal amount equal to $4,342,587.50 and bearing interest at 1.7% per annum, payable quarterly. The principal amount of the note is payable on February 11, 2024.
- F3Reported amount includes 3,620 restricted share units ("RSUs") granted under the Apollo Global Management, LLC 2007 Omnibus Equity Incentive Plan. Each RSU represents the contingent right to receive, in accordance with the issuance schedule set forth in the applicable RSU award agreement, one Class A share for each vested RSU. Subject to accelerated vesting in certain circumstances, the RSUs vest in installments in accordance with the terms of the applicable RSU award agreement, provided the reporting person remains in service through the applicable vesting date.
- F4These Class A shares are held in the Trust for the benefit of the reporting person's children for which the reporting person's children are the trustees. The reporting person disclaims beneficial ownership of the Class A shares held in the Trust, except to the extent of his pecuniary interest therein.