Ebrahim Busheri - Sep 23, 2022 Form 4 Insider Report for Manning & Napier, Inc. (MN)

Role
Director of Investments
Signature
/s/ Sarah C. Turner
Stock symbol
MN
Transactions as of
Sep 23, 2022
Transactions value $
-$4,632,695
Form type
4
Date filed
10/26/2022, 04:25 PM

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 Gift $0 -100K -21.71% $0.00 361K Sep 23, 2022 Direct
transaction MN Class A Common Stock, par value $0.01 Disposed to Issuer -$4.63M -361K -100% $12.85 0 Oct 21, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ebrahim Busheri is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the merger agreement ("Merger Agreement") between the issuer, Callodine Midco, Inc., Callodine MN Holdings, Inc. ("TopCo"), and their respective affiliates. Includes 260,114 shares of common stock of the issuer for which cash consideration was received. Also includes 100,407 restricted stock units that were convertible into the common stock of the issuer on a one-for-one basis, which were cancelled and replaced with an award of restricted stock units of TopCo.
F2 Price reflects per share consideration paid pursuant to the Merger Agreement.