David Michael Levine, Och-Ziff Capital Management Group LLC's Chief Legal Officer, recently cashed-in 14,146 options. The options were exercised at $0.00, while the disposals took place at $2.00 per share, on dates ranging from August 14 to August 15, 2018. Levine no longer owns any shares of the company. Levine operates out of New York, NY. Some additional info was provided as follows:
The amount shown represents the 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.
The Class A Shares
were sold at prices ranging from $1.96 to $2.04. Upon request, the Reporting Person will provide to the U.S. Securities and Exchange Commission staff, the Issuer and any security holder of the Issuer full information regarding the number of Class A Shares sold at each separate price.
The Class A Restricted Share Units vest, subject to certain limited exceptions, as follows: 25,920 on September 14, 2018; 77,339 on March 1, 2019; 25,921 on September 13, 2019; 77,339 on March 2, 2020; 25,921 on September 14, 2020; and 49,363 on March 1, 2021.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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