Filing Details

Accession Number:
0001012975-19-000591
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-08-28 16:07:42
Reporting Period:
2019-08-26
Accepted Time:
2019-08-28 16:07:42
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1549966 Silvercrest Asset Management Group Inc. SAMG Investment Advice (6282) 455146560
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1579162 Al Messina Silvercrest Asset Management Group Inc.
1330 Ave. Of The Americas, 38Th Floor
New York NY 10019
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class B Common Stock, Par Value $0.01 Disposition 2019-08-26 8,859 $0.00 188,059 No 4 J Direct
Class A Common Stock, Par Value $0.01 Acquisiton 2019-08-26 8,859 $0.00 8,859 No 4 C Direct
Class A Common Stock, Par Value $0.01 Disposition 2019-08-26 8,859 $12.97 0 No 4 S Direct
Class B Common Stock, Par Value $0.01 Disposition 2019-08-27 2,900 $0.00 185,159 No 4 J Direct
Class A Common Stock, Par Value $0.01 Acquisiton 2019-08-27 2,900 $0.00 2,900 No 4 C Direct
Class A Common Stock, Par Value $0.01 Disposition 2019-08-27 2,900 $12.95 0 No 4 S Direct
Class B Common Stock, Par Value $0.01 Disposition 2019-08-28 2,841 $0.00 182,318 No 4 J Direct
Class A Common Stock, Par Value $0.01 Acquisiton 2019-08-28 2,841 $0.00 2,841 No 4 C Direct
Class A Common Stock, Par Value $0.01 Disposition 2019-08-28 2,841 $13.03 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Direct
No 4 C Direct
No 4 S Direct
No 4 J Direct
No 4 C Direct
No 4 S Direct
No 4 J Direct
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock, Par Value $0.01 Class B Units Acquisiton 2019-08-26 8,859 $0.00 8,859 $0.00
Class A Common Stock, Par Value $0.01 Class B Units Acquisiton 2019-08-27 2,900 $0.00 2,900 $0.00
Class A Common Stock, Par Value $0.01 Class B Units Acquisiton 2019-08-28 2,841 $0.00 2,841 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
188,059 No 4 C Direct
185,159 No 4 C Direct
182,318 No 4 C Direct
Footnotes
  1. When the holder of a Class B unit exchanges or forfeits such Class B unit pursuant to the terms of the amended and restated certificate of incorporation of Silvercrest Asset Management Group Inc. (the "Corporation") and the second amended and restated limited partnership agreement of Silvercrest L.P. (the "Amended LPA"), each corresponding share of Class B common stock is redeemed for its par value and cancelled by the company.
  2. Represents the conversion by Mr. Messina of Class B units to Class A common stock pursuant to the exchange agreement entered into among the Corporation and holders of Class B units (the "Exchange Agreement").
  3. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 24, 2019.
  4. The transaction was executed in multiple trades at prices ranging from $12.85 to 13.13. The price above reflects the weighted average price. Detailed information regarding the number of shares transacted at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.
  5. The transaction was executed in multiple trades at prices ranging from $12.90 to $13.13. The price above reflects the weighted average price. Detailed information regarding the number of shares transacted at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.
  6. The transaction was executed in multiple trades at prices ranging from $13.00 to $13.07. The price above reflects the weighted average price. Detailed information regarding the number of shares transacted at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.
  7. Each class B unit is exchangeable for a share of Class A common stock of the Corporation, subject to the timing and volume limitations set forth in the Amended LPA.
  8. Pursuant to the Exchange Agreement, so long as the holder is employed by Silvercrest L.P., each year in the period beginning on January 2, 2014, the holder and his permitted transferees may collectively exchange for shares of Class A common stock up to the number of vested Class B units that equals 20% of all Class B units such holder and his or her permitted transferees collectively hold as of the first day of that year, in accordance with the timing restrictions described in footnote 7 below. The holder must retain at least 25% of the number of Class B units held by the holder on July 2, 2013.
  9. On or after January 2, 2014, holders of Class B units became permitted to sell shares of Class A common stock issued upon exchange of Class B units during the first 10-day period of the open trading window of each.