Mayer Marc O - 05 May 2021 Form 4 Insider Report for Manning & Napier, Inc.

Role
Chairman and CEO, Director
Signature
/s/ Sarah C. Turner, attorney-in-fact
Issuer symbol
N/A
Transactions as of
05 May 2021
Net transactions value
-$710,024
Form type
4
Filing time
07 May 2021, 16:08:01 UTC
Next filing
26 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MN Class A Common Stock, par value $0.01 Options Exercise $502,500 +250,000 +20% $2.01 1,473,816 05 May 2021 Direct F1
transaction MN Class A Common Stock, par value $0.01 Tax liability $1,212,524 -163,193 -11% $7.43 1,310,623 05 May 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MN Employee Stock Option (right to buy) Options Exercise $0 -250,000 -25% $0.000000 733,332 05 May 2021 Class A Common Stock, par value $0.01 250,000 $2.01 Direct F2, F3, F4
holding MN Employee Stock Option (right to buy) 166,668 05 May 2021 Class A Common Stock, par value $0.01 166,668 $2.01 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 163,399 restricted stock units that will convert to common stock on a one-for-one basis. The restricted stock units are subject to time vesting, with one-fourth of such restricted stock units vesting on each of February 1, 2023, February 1, 2024, February 1, 2025 and February 1, 2026.
F2 117,332 options became exercisable on February 10, 2021 and 132,668 became exercisable on February 26, 2021.
F3 The options shall terminate and become null and void at the close of business on the date that is the fourth anniversary of the applicable vesting date.
F4 156,332 options became exercisable on February 26, 2021. 289,000 options became exercisable on March 9, 2021. 288,000 options will become exercisable, if at all, if the average closing price per share of Class A Common Stock of the Company equals or exceeds $7.75 per share for 20 consecutive trading days on or before December 31, 2025.