James S Levin, Och-Ziff Capital Management Group LLC's Co-CIO and Head of Glbl Credit, just received 134,838 restricted shares from the company. The restricted shares don't become available to Levin until such time as they become vested. Levin now owns at least 13,888,797 restricted shares of the company.
Some additional info was provided as follows:
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.
The Class A Restricted Share Units are dividend equivalents accrued on the outstanding Class A Restricted Share Units granted on February 16, 2018. The Class A
Restricted Share Units vest, subject to certain limited exceptions, as follows: 52,470 on December 31, 2018; 13,224 on December 31, 2019; 13,226 on December 31, 2020; 13,224 on December 31, 2021; and 13,224 on December 31, 2022.
The Class A Restricted Share Units are dividend equivalents accrued on the outstanding Class A Restricted Share Units granted on February 16, 2018. The Class A Restricted Share Units vest, subject to certain limited exceptions, in five equal installments on December 31st of each year, with the final tranche vesting on December 31, 2022.
The Class A Restricted Share Units listed here are held in trusts. Pursuant to Rule 16a-1(a)(4) of the Securities Exchange Act of 1934, as amended, the Reporting Person herein states that this filing shall not be deemed an admission that he or any trust is the beneficial owner of any such interests, and disclaims beneficial ownership of such interests, except to the extent of his pecuniary interest therein.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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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