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