0001179110-16-026000.txt : 20160603
0001179110-16-026000.hdr.sgml : 20160603
20160603174649
ACCESSION NUMBER: 0001179110-16-026000
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151012
FILED AS OF DATE: 20160603
DATE AS OF CHANGE: 20160603
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Virtu Financial, Inc.
CENTRAL INDEX KEY: 0001592386
STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
IRS NUMBER: 320420206
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 900 3RD AVENUE, 29TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022-0100
BUSINESS PHONE: 212-418-0100
MAIL ADDRESS:
STREET 1: 900 3RD AVENUE, 29TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022-0100
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Virtu Employee Holdco LLC
CENTRAL INDEX KEY: 0001637470
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37352
FILM NUMBER: 161696956
BUSINESS ADDRESS:
STREET 1: 900 THIRD AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022-1010
BUSINESS PHONE: 212-418-0100
MAIL ADDRESS:
STREET 1: 900 THIRD AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022-1010
4
1
edgar.xml
FORM 4 -
X0306
4
2015-10-12
0
0001592386
Virtu Financial, Inc.
VIRT
0001637470
Virtu Employee Holdco LLC
C/O VIRTU FINANCIAL, INC.
900 THIRD AVENUE
NEW YORK
NY
10022
1
0
1
1
See Remarks
Class C Common Stock
2015-10-12
4
D
0
57106
D
14801620
D
Class C Common Stock
2016-01-05
4
D
0
16960
D
14784660
D
Class C Common Stock
2016-01-29
4
D
0
24150
D
14760510
D
Class C Common Stock
2016-02-26
4
D
0
8480
D
14752030
D
Class C Common Stock
2016-03-18
4
D
0
4153
D
14747877
D
Non-voting common interest units of Virtu Financial LLC
2015-10-12
4
D
0
57106
23.95
D
Class A Common Stock
57106
14801620
D
Non-voting common interest units of Virtu Financial LLC
2016-01-05
4
D
0
16960
D
Class A Common Stock
16960
14784660
D
Non-voting common interest units of Virtu Financial LLC
2016-01-29
4
D
0
24150
D
Class A Common Stock
24150
14760510
D
Non-voting common interest units of Virtu Financial LLC
2016-02-26
4
D
0
8480
D
Class A Common Stock
8480
14752030
D
Non-voting common interest units of Virtu Financial LLC
2016-03-18
4
D
0
4153
23.49
D
Class A Common Stock
4153
14747877
D
Shares of Class C common stock of the Issuer ("Class C Common Stock") have one vote per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of non-voting common interest units of Virtu Financial LLC ("Virtu Financial Units") held.
All of the Virtu Financial Units and shares of Class C Common Stock are held by the reporting person for the benefit of certain directors, employees and former employees of the Issuer and its consolidated subsidiaries. 927,501 Virtu Financial Units held by the reporting person are subject to the time-based vesting tied to the continued employment of the employees for whom the relevant Virtu Financial Units are held. The reporting person disclaims beneficial ownership over the Virtu Financial Units and shares of Class C Common Stock to the extent that it does not have any pecuniary interest therein.
Shares of Class C Common Stock were repurchased for nominal consideration in connection with the repurchase of Virtu Financial Units held by the reporting person on behalf of a former employee.
Virtu Financial Units and shares of Class C Common Stock were subject to time-based vesting tied to the continued employment of the employees for whom the relevant Virtu Financial Units are held, and were forfeited, in the case of Virtu Financial Units, or cancelled, in the case of the Class C Common Stock, upon the termination of employment of the applicable employee.
Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A common stock of the Issuer, which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder. The exchange rights under the Exchange Agreement do no expire.
By virtue of its relationship with Mr. Vincent Viola, who is the managing member of the reporting person and a director of the Issuer, the reporting person may be deemed to be director by deputization.
/s/ Justin Waldie
2016-06-03