0000905718-20-000676.txt : 20200630 0000905718-20-000676.hdr.sgml : 20200630 20200630162244 ACCESSION NUMBER: 0000905718-20-000676 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200529 FILED AS OF DATE: 20200630 DATE AS OF CHANGE: 20200630 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Eaton James George CENTRAL INDEX KEY: 0001701358 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36638 FILM NUMBER: 201002572 MAIL ADDRESS: STREET 1: C/O MEDLEY MANAGEMENT INC. STREET 2: 280 PARK AVENUE, 6TH FLOOR EAST 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_fm4may292020.xml X0306 4 2020-05-29 0 0001611110 MEDLEY MANAGEMENT INC. MDLY 0001701358 Eaton James George C/O MEDLEY MANAGEMENT INC. 280 PARK AVENUE, 6TH FLOOR EAST NEW YORK NY 10017 1 0 0 0 Class A Common Stock 2020-05-29 4 M 0 25089 A 57356 D Restricted Stock Units 2020-05-29 4 M 0 25089 0 D Class A Common Stock 25089 0 D Restricted Stock Units 2020-06-29 4 A 0 84952 0 A Class A Common Stock 84952 84952 D Acquisition of Class A common stock upon vesting of restricted stock units reflected with Footnote 2. Each restricted stock unit converted into Class A common stock of the issuer on a one-for-one basis. Disposition of restricted stock units upon vesting into shares of Class A common stock as reflected with Footnote 1. The restricted stock units vested on May 29, 2020. Each restricted stock unit 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 in the form of RSUs. These director fees were approved by the issuer's compensation committee and board of directors on June 25, 2020 (the "Grant 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 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 May 30, 2020 and the date of the change in control (but in any event no more than 365) and the denominator of which is 365. /s/ John D. Fredericks, as Attorney-in-Fact 2020-06-30