SEC Form 4 · accession 0001209191-18-052325
PJT Partners Inc. · PJT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul J Taubman
Officer — Chairman and CEO · Director
Period of report
Sep 24, 2018
Accepted (ET)
Sep 26, 2018 · 5:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001626115
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP Units of PJT Partners Holdings LPF1 | — | Sep 24, 2018 | A | 60,000 | A | — | — | Class A Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1Represents a series of LTIP Units of PJT Partners Holdings LP ("PJT Holdings"). The grant of these LTIP Units was approved on September 24, 2018 and becomes effective on October 1, 2018. These LTIP Units generally vest ratably over three years on each of October 1, 2019, October 1, 2020 and October 1, 2021. Upon the occurrence of specified events, the LTIP Units reported herein can automatically be converted into Partnership Units of PJT Holdings on a one-for-one basis. Subject to the terms of an exchange agreement, on a quarterly basis, Partnership Units of PJT Holdings may be exchanged for cash or, at the election of the Issuer, shares of Class A common stock of the Issuer on a one-for-one basis.