SEC Form 4 · accession 0001179110-16-025835
INVESTMENT TECHNOLOGY GROUP, INC. · ITG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Marrale
Officer — Managing Director
Period of report
May 27, 2016
Accepted (ET)
Jun 1, 2016 · 8:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000920424
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 27, 2016 | A | 1,585 | $0.00 | A | 105,989 | D | |
| Common StockF2 | May 27, 2016 | D | 82,150 | $18.70 | D | 23,839 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Deemed acquisition of ROE performance-based stock units in connection with the Reporting Person's separation from the Company due to the Company's sale of its subsidiary, ITG Investment Research, LLC, to a subsidiary of Leucadia National Corporation (the "Purchaser") that closed on May 27, 2016 (the "Transaction").
- F2These unvested stock units, consisting of 80,565 time-based and market-based stock units and 1,585 ROE performance-based stock units, were forfeited by the Reporting Person in connection with his separation from the Company due to the Transaction. Pursuant to the terms of an Agreement dated May 9, 2016 between the Company and the Reporting Person, the Reporting Person received, among other things, a lump sum cash payment to compensate him for certain of his unvested stock units that he forfeited upon his separation from employment and his commencement of employment with the Purchaser upon closing of the Transaction. The disposition of these stock units occurred pursuant to an exempt transaction under Rule 16b-3(e).