0000905718-17-000309.txt : 20170224 0000905718-17-000309.hdr.sgml : 20170224 20170224190141 ACCESSION NUMBER: 0000905718-17-000309 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170222 FILED AS OF DATE: 20170224 DATE AS OF CHANGE: 20170224 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MEDLEY MANAGEMENT INC. CENTRAL INDEX KEY: 0001611110 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE, 6TH FLOOR EAST CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2127590777 MAIL ADDRESS: STREET 1: 280 PARK AVENUE, 6TH FLOOR EAST CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Allorto Richard T JR CENTRAL INDEX KEY: 0001395260 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36638 FILM NUMBER: 17639128 MAIL ADDRESS: STREET 1: C/O GSC INVESTMENT CORP. STREET 2: 12 EAST 49TH STREET, SUITE 3200 CITY: NEW YORK STATE: NY ZIP: 10017 4 1 allorto_fm4feb222017new.xml OWNERSHIP DOCUMENT X0306 4 2017-02-22 0 0001611110 MEDLEY MANAGEMENT INC. MDLY 0001395260 Allorto Richard T JR C/O MEDLEY MANAGEMENT INC. 280 PARK AVENUE, 6TH FLOOR EAST NEW YORK NY 10017 0 1 0 0 Chief Financial Officer Restricted Stock Units 2017-02-22 4 D 0 50000 0 D Common Stock 50000 0 D Medley LLC Units 2017-02-22 4 A 0 50000 0 A Common Stock 50000 656061 D Medley LLC Units 2017-02-22 4 A 0 50000 0 A Common Stock 50000 706061 D Reporting Person is an existing member and holds Class A Units of Medley LLC ("Medley LLC Units"). Issuer cancelled 50,000 unvested Restricted Stock Units ("RSUs") of Issuer, and in return, Reporting Person was granted 50,000 restricted Medley LLC Units. The RSUs were granted to Reporting Person on March 16, 2016, in connection with Reporting Person's services and, upon vesting, each RSU was payable in one share of Class A Common Stock, $0.01 par value per share of the Issuer (the "Common Stock"), or the cash equivalent thereof. Pursuant to the Exchange Agreement dated September 23, 2014, among Issuer, Medley LLC and the holders of Medley LLC Units (the "Exchange Agreement"), each vested Medley LLC Unit may be exchanged for one share of Common Stock. The 50,000 restricted Medley LLC Units granted to Reporting Person are subject to the same vesting conditions and similar transfer restrictions as the original, now cancelled 50,000 RSUs. These restricted Medley LLC Units vest annually in three equal installments commencing March 16, 2019. In connection with Reporting Person's services, on February 22, 2017, Reporting Person was granted 50,000 restricted Medley LLC Units. Pursuant to the Exchange Agreement, each vested Medley LLC Unit may be exchanged for one share of Common Stock. The restricted Medley LLC Units vest annually in three equal installments commencing February 22, 2020. /s/ Richard T. Allorto Jr. 2017-02-24