David Michael Levine, Och-Ziff Capital Management Group LLC's Chief Legal Officer, recently cashed-in 74,619 options. The options were exercised at $0.00, while the disposals took place at $2.67 per share, on March 01, 2018. Levine continues to hold 72,895 shares of the company. Levine operates out of New York, NY. Some additional info was provided as follows:
The amount shown represents the March 1, 2018 vesting of the Class A Restricted Share Units held by the Reporting Person.
Each Class A Restricted Share Unit represents, at the election of the administrator of the applicable plan (currently the Issuer's Compensation Committee), a right to receive one of the Issuer's Class A Shares or the cash value thereof, upon the vesting date.
This number of Class A Restricte
d Share Units was settled in cash by the Issuer.
The Class A Restricted Share Units vest, subject to certain limited exceptions, as follows: 13,648 on August 14, 2018; 25,007 on September 14, 2018; 74,617 on March 1, 2019; 25,009 on September 13, 2019; 74,617 on March 2, 2020; 25,009 on September 14, 2020; and 47,627 on March 1, 2021.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Och-Ziff Capital Management Group LLC makes a similar move, sign up!
Other recent filings from the company include the following:
Securities registration termination [Section 12(b)] - May 20, 2019
Och-Ziff Capital Management Group LLC's Chief Financial Officer just disposed of 19,531 shares - May 15, 2019
Other definitive proxy statements - May 15, 2019
Additional definitive proxy soliciting materials and Rule 14(a)(12) material - May 15, 2019
Securities to be offered to employees in employee benefit plans - May 14, 2019