SEC Form 4 · accession 0000905718-18-000344
MEDLEY MANAGEMENT INC. · MDLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard T Allorto Jr.
Officer — Chief Financial Officer
Period of report
Mar 28, 2018
Accepted (ET)
Mar 29, 2018 · 9:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001611110
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Medley LLC UnitsF1 | — | Mar 28, 2018 | A | 70,000 | A | — | — | Common Stock | 70,000 | 776,061 | D |
Explanation of responses
- F1Reporting Person is an existing member and holds Class A Units of Medley LLC ("Medley LLC Units"). In connection with Reporting Person's services, on March 28, 2018, Reporting Person was granted 70,000 restricted Medley LLC Units. Pursuant to the Exchange Agreement dated September 23, 2014, among Issuer, Medley LLC and the holders of Medley LLC Units (the "Exchange Agreement"), each vested Medley LLC Unit may be exchanged for one share of Common Stock. These restricted Medley LLC Units vest annually in three equal installments commencing January 1, 2021.