Scott Morabito - Oct 21, 2022 Form 4 Insider Report for Manning & Napier, Inc. (MN)

Role
Managing Director, Client Services and Business Operations
Signature
/s/ Sarah C. Turner
Stock symbol
MN
Transactions as of
Oct 21, 2022
Transactions value $
-$884,890
Form type
4
Date filed
10/26/2022, 04:29 PM
Previous filing
Feb 7, 2022

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 Disposed to Issuer -5.8K -7.77% 68.9K Oct 21, 2022 Direct F1
transaction MN Class A Common Stock, par value $0.01 Disposed to Issuer -$885K -68.9K -100% $12.85 0 Oct 21, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Scott Morabito 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 in exchange for shares of TopCo as determined according to the rollover agreement between TopCo and the reporting person dated October 20, 2022.
F2 Includes 4,879 shares of common stock of the issuer for which cash consideration was received. Also includes 63,984 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.
F3 Price reflects per share consideration paid pursuant to the Merger Agreement.

Remarks:

Managing Director, Client Services and Business Operations