0000905718-20-000886.txt : 20200821 0000905718-20-000886.hdr.sgml : 20200821 20200821165732 ACCESSION NUMBER: 0000905718-20-000886 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200820 FILED AS OF DATE: 20200821 DATE AS OF CHANGE: 20200821 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dyett John CENTRAL INDEX KEY: 0001610631 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36638 FILM NUMBER: 201124048 MAIL ADDRESS: STREET 1: 11111 SANTA MONICA BLVD., SUITE 2250 CITY: LOS ANGELES STATE: CA ZIP: 90025 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 ownership.xml X0306 4 2020-08-20 0 0001611110 MEDLEY MANAGEMENT INC. MDLY 0001610631 Dyett John C/O MEDLEY MANAGEMENT INC. 280 PARK AVENUE, 6TH FLOOR EAST NEW YORK NY 10017 1 0 0 0 Restricted Stock Units 2020-08-20 4 A 0 94375 0 A Class A Common Stock 94375 94375 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of issuer Class A common stock. On the transaction date, the Reporting Person delivered his election to receive 100% of his director fees for the May 2020 to May 2021 period (the "2020-21 Term") in the form of RSUs. These director fees were approved by the issuer's board of directors on August 11, 2020 (the "Grant Date") in connection with the Reporting Person's appointment to the board on such date, with RSUs being issued to the Reporting Person covering the number of shares of Class A common stock as determined by dividing the dollar amount of director fees elected by the Reporting Person to be received in RSUs (prorated to reflect the portion of the 2020-21 Term commencing with the Reporting Person's date of appointment) by the closing price of a share of Class A common stock on the Grant Date. The restricted stock units vest on May 30, 2021, provided, however, that in the event that a change in control occurs prior to such time as the restricted stock units have fully vested, the Reporting Person shall fully vest in such portion of the restricted stock units as is determined by multiplying the number of restricted stock units by a fraction, the numerator of which is the number of days elapsed between the Grant Date and the date of the change in control and the denominator of which is 293. /s/ Nathan Bryce, as Attorney-in-Fact 2020-08-21