SEC Form 4 · accession 0001144204-16-126585
MEDLEY MANAGEMENT INC. · MDLY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey T Leeds
Director
Period of report
Sep 29, 2016
Accepted (ET)
Oct 3, 2016 · 8:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001611110
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Sep 29, 2016 | M | 11,570 | — | A | 15,458 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Sep 29, 2016 | M | 11,570 | D | — | — | Common Stock | 11,570 | 0 | D |
| Restricted Stock UnitsF3,F4 | — | Sep 29, 2016 | A | 8,578 | A | — | — | Common Stock | 8,578 | 8,578 | D |
Explanation of responses
- F1Each restricted stock unit converted into Class A common stock of the issuer on a one-for-one basis.
- F2The restricted stock units vested on September 29, 2016. The Form 4 filed on November 19, 2015 reporting the acquisition of the restricted stock units incorrectly reported the vesting date as November 18, 2016.
- F3Each restricted stock unit represents a contingent right to receive one share of issuer Class A common stock. The restricted stock units will be settled in either Class A common stock or cash (or a combination thereof) at the discretion of the issuer's compensation committee.
- F4The restricted stock units vest on September 29, 2017.