0000905718-21-000063.txt : 20210120 0000905718-21-000063.hdr.sgml : 20210120 20210120160127 ACCESSION NUMBER: 0000905718-21-000063 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210115 FILED AS OF DATE: 20210120 DATE AS OF CHANGE: 20210120 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: 21538763 MAIL ADDRESS: STREET 1: C/O GSC INVESTMENT CORP. STREET 2: 12 EAST 49TH STREET, SUITE 3200 CITY: NEW YORK STATE: NY ZIP: 10017 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 4 1 medleymgmt_fm4jan2021.xml X0306 4 2021-01-15 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 Class A Common Stock 2021-01-15 4 A 0 59753 0 A 59753 D Class A Common Stock 2021-01-19 4 C 0 73471 A 133224 I By New Castle Capital LLC Medley LLC Units 2021-01-15 4 D 0 59753 0 D Class A Common Stock 59753 0 D Medley LLC Units 2021-01-19 4 C 0 73471 0 D Class A Common Stock 73471 0 I By New Castle Capital LLC Each Class A Unit of Medley LLC ("Medley LLC Unit") was exchanged for one share of Class A Common Stock of Medley Management Inc ("MDLY"). The Medley LLC Units were convertible at any time on a one-for-one basis and had no expiration date. Reporting Person is the managing member and owns 99% of New Castle Capital LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Pursuant to the MDLY 2014 Omnibus Incentive Plan, Reporting Person was granted 59,753 Class A Common Stock restricted stock units (RSU). Subject to customary acceleration provisions and continued employment, 3,075 RSUs vest on January 18, 2021, 3,968 vest on January 1, 2022, 33,029 vest on January 15, 2022, 3,074 vest on January 18, 2022, 1,667 vest on February 22, 2022, 3,966 vest on January 1, 2023, 3,074 vest on January 18, 2023, and 7,900 shall vest upon (i) termination without cause in connection with a change in control, or (ii) provided the Reporting Person has not undergone a termination prior thereto, upon (a) the occurrence of a change in control, or (b) death or disability. Each RSU represents a contingent right to receive one share of Class A Common Stock and has no expiration date. The Medley LLC Units were convertible at any time on a one-for-one basis and had no expiration date. The Reporting Person disposed of Medley LLC Units in exchange for RSUs. Reflects a portion of unvested RSUs. /s/ Richard T. Allorto JR 2021-01-20