Ji-Yeun Lee - Nov 30, 2021 Form 4 Insider Report for PJT Partners Inc. (PJT)

Role
Managing Partner
Signature
/s/Salvatore Rappa, as Attorney-in-Fact
Stock symbol
PJT
Transactions as of
Nov 30, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 04:00 PM
Previous filing
Oct 19, 2021
Next filing
Feb 11, 2022

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 PJT Partnership Units of PJT Partners Holdings LP Gift $0 -130K -15.57% $0.00 705K Nov 30, 2021 Class A Common Stock 130K Direct F1, F2, F3
transaction PJT Partnership Units of PJT Partners Holdings LP Gift $0 +130K $0.00 130K Nov 30, 2021 Class A Common Stock 130K By family trust F1, F2
transaction PJT Restricted Stock Units Award $0 +39 +0.07% $0.00 58K Dec 22, 2021 Class A Common Stock 39 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Subject to the terms of an exchange agreement, on a quarterly basis, Partnership Units of PJT Partners Holdings LP may be exchanged for cash, or at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis.
F2 This transaction involved a gift of Partnership Units of PJT Partners Holdings LP by the reporting person to a family trust. These Partnership Units were not sold or exchanged.
F3 Also includes Partnership Units of PJT Partners Holdings LP that were acquired and previously reported as Founder LTIP Units of PJT Partners Holdings LP and Earn-Out LTIP Units of PJT Partners Holdings LP. Upon the occurrence of specified events, Founder LTIP Units of PJT Partners Holdings LP and Earn-Out LTIP Units of PJT Partners Holdings LP were automatically converted to Partnership Units of PJT Partners Holdings LP. Does not include 95,000 Earn-Out LTIP Units of PJT Partners Holdings LP that were forfeited due to the Issuer not achieving a certain performance condition with respect to the Issuer's Class A Common Stock.
F4 Each restricted stock unit represents a contingent right to receive one share of Issuer Class A Common Stock.
F5 Represents dividend equivalent rights in connection with the Issuer's quarterly dividend that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units.