David Michael Levine - Jan 1, 2023 Form 4 Insider Report for Sculptor Capital Management, Inc. (SCU)

Role
Chief Legal Officer
Signature
/s/ Wayne N. Cohen, power of attorney for David Michael Levine
Stock symbol
SCU
Transactions as of
Jan 1, 2023
Transactions value $
-$35,004
Form type
4
Date filed
1/4/2023, 05:11 PM
Previous filing
Nov 30, 2022
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCU Class A Shares Options Exercise $0 +2.35K +3.83% $0.00 63.8K Jan 1, 2023 Direct F1, F2
transaction SCU Class A Shares Options Exercise $0 +7.43K +11.64% $0.00 71.3K Jan 1, 2023 Direct F1, F3
transaction SCU Class A Shares Options Exercise $0 +6.41K +8.99% $0.00 77.7K Jan 1, 2023 Direct F1, F3
transaction SCU Class A Shares Disposed to Issuer -$20.4K -2.35K -3.03% $8.66 75.3K Jan 1, 2023 Direct F2
transaction SCU Class A Shares Tax liability -$14.6K -1.69K -2.24% $8.66 73.6K Jan 1, 2023 Direct F4, F5, F6, F7

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 SCU Class A Restricted Share Units Options Exercise $0 -2.35K -33.35% $0.00 4.7K Jan 1, 2023 Class A Shares 2.35K Direct F2, F8
transaction SCU Class A Restricted Share Units Options Exercise $0 -7.43K -50.01% $0.00 7.43K Jan 1, 2023 Class A Shares 7.43K Direct F3, F9
transaction SCU Class A Restricted Share Units Options Exercise $0 -6.41K -100% $0.00* 0 Jan 1, 2023 Class A Shares 6.41K Direct F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount shown represents the vesting of the Class A Restricted Share Units held by the Reporting Person.
F2 Represents Class A Restricted Share Units settled in cash by the Issuer.
F3 Each Class A Restricted Share Unit represents, at the election of the administrator of the applicable plan (currently the Issuer's Compensation Committee), a right to receive one of the Issuer's Class A Shares or the cash value thereof, upon the vesting date.
F4 Represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of Class A Restricted Share Units or Class A Restricted Shares.
F5 Includes 54,428 of Class A Restricted Shares, which is subject to both a service condition, vesting 1/3 on each of December 17, 2024, December 17, 2025 and December 17, 2026 (the "Service Condition") and a performance condition, vesting when total shareholder return (based on the closing price on the New York Stock Exchange of a Class A Share of the Issuer, and dividends paid thereon, following the grant date) equals or exceeds the Performance Thresholds, as defined below, for a period of 60 calendar days (the "Performance Condition"). The Performance Thresholds are as follows: 1/3 of Class A Restricted Shares vest if a total shareholder return of 25% is achieved; an additional 1/3 of Class A Restricted Shares vest if a total shareholder return of 39% is achieved; and the final 1/3 of Class A Restricted Shares vest if a total shareholder return of 53% is achieved, in each case based on a reference price of $24 per Class A Share.
F6 If a Class A Restricted Share described in the footnote above has not satisfied the Performance Condition by the seventh anniversary of the grant date, it will be forfeited and canceled immediately.
F7 Includes 4,702 outstanding Class A Restricted Shares granted on January 31, 2022. The remaining Class A Restricted Shares vest, subject to certain limited exceptions, in equal installments on January 1, 2024 and January 1, 2025.
F8 The Class A Restricted Share Units relate to Class A Restricted Share Units granted on January 31, 2022. The remaining Class A Restricted Share Units vest, subject to certain limited exceptions, in equal installments on January 1, 2024 and January 1, 2025.
F9 The Class A Restricted Share Units relate to Class A Restricted Share Units granted on January 31, 2021. The remaining Class A Restricted Share Units vest, subject to certain limited exceptions, on January 1, 2024.
F10 The Class A Restricted Share Units relate to Class A Restricted Share Units granted on January 31, 2020.