James S. Levin - Dec 31, 2022 Form 4 Insider Report for Sculptor Capital Management, Inc. (SCU)

Signature
/s/ Wayne N. Cohen, power of attorney for James S. Levin
Stock symbol
SCU
Transactions as of
Dec 31, 2022
Transactions value $
-$5,594,992
Form type
4
Date filed
1/4/2023, 05:12 PM
Previous filing
Nov 30, 2022
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCU Class A Shares Options Exercise $0 +245K +6.21% $0.00 4.19M Dec 31, 2022 Direct F1, F2
transaction SCU Class A Shares Disposed to Issuer -$1.13M -131K -3.12% $8.66 4.06M Dec 31, 2022 Direct F3
transaction SCU Class A Shares Tax liability -$104K -12K -0.3% $8.66 4.05M Dec 31, 2022 Direct F4
transaction SCU Class A Shares Options Exercise $0 +398 +1.54% $0.00 26.2K Dec 31, 2022 Held by Trusts F1, F2
transaction SCU Class A Shares Disposed to Issuer -$1.84K -212 -0.81% $8.66 26K Dec 31, 2022 Held by Trusts F3
transaction SCU Class A Shares Tax liability -$139 -16 -0.06% $8.66 26K Dec 31, 2022 Held by Trusts F4
transaction SCU Class A Shares Options Exercise $0 +356K +8.79% $0.00 4.4M Jan 1, 2023 Direct F1, F5
transaction SCU Class A Shares Options Exercise $0 +63.9K +1.45% $0.00 4.47M Jan 1, 2023 Direct F1, F2
transaction SCU Class A Shares Options Exercise $0 +95.5K +2.14% $0.00 4.56M Jan 1, 2023 Direct F1, F2
transaction SCU Class A Shares Disposed to Issuer -$3.82M -441K -9.67% $8.66 4.12M Jan 1, 2023 Direct F3
transaction SCU Class A Shares Tax liability -$535K -61.8K -1.5% $8.66 4.06M Jan 1, 2023 Direct F4, F6, F7, F8

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 -245K -100% $0.00* 0 Dec 31, 2022 Class A Shares 245K Direct F2, F9
transaction SCU Class A Restricted Share Units Options Exercise $0 -398 -100% $0.00* 0 Dec 31, 2022 Class A Shares 398 Held by Trusts F2, F9, F10
transaction SCU Class A Restricted Share Units Options Exercise $0 -356K -33.33% $0.00 711K Jan 1, 2023 Class A Shares 356K Direct F5, F11
transaction SCU Class A Restricted Share Units Options Exercise $0 -63.9K -100% $0.00* 0 Jan 1, 2023 Class A Shares 63.9K Direct F2, F12
transaction SCU Class A Restricted Share Units Options Exercise $0 -95.5K -50% $0.00 95.5K Jan 1, 2023 Class A Shares 95.5K Direct F2, F13
* 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 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.
F3 Represents Class A Restricted Shares Units settled in cash by the Issuer.
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 Restricted Class A Shares.
F5 Each Class A Restricted Share Unit represents a right to receive the cash value of one of the Issuer's Class A Shares upon the vesting date.
F6 Includes 2,314,286 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.
F7 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
F8 Includes 711,341 of 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.
F9 The Class A Restricted Share Units relate to Class A Restricted Share Units granted on February 16, 2018.
F10 The Class A Restricted Share Units listed here are held in trusts. Pursuant to Rule 16a-1(a)(4) of the Securities Exchange Act of 1934, as amended, the Reporting Person herein states that this filing shall not be deemed an admission that he or any trust is the beneficial owner of any such interests, and disclaims beneficial ownership of such interests, except to the extent of his pecuniary interest therein.
F11 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.
F12 The Class A Restricted Share Units relate to Class A Restricted Share Units granted on January 31, 2020.
F13 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.