CAI CHENYU CAROLINE (Executive Vice President) exercised options at PZENA INVESTMENT MANAGEMENT, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

CAI CHENYU CAROLINE

Filed: 12/22/2020ACC: 0001567619-20-021492

InsiderCAI CHENYU CAROLINECIK 1768116

→

IssuerPZENA INVESTMENT MANAGEMENT, INC.CIK 1399249

Officer· Executive Vice President

Since Feb 2019

+57.83K

Net shares

Net buyer

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

115.66K acquired · 57.83K disposed

Non-Derivative Transactions2

Class B common stock, par value $0.000001

Indirect

M · Option Exercise

+5.88K

Price / share

—

Trade value

—

% of position

0.8%

12/19/2020

760.95K→766.84K

Class B common stock, par value $0.000001

Indirect

M · Option Exercise

+51.95K

Price / share

—

Trade value

—

% of position

6.8%

12/20/2020

766.84K→818.78K

Total

Net shares

+57.83K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class B common stock, par value $0.000001 Indirect	12/19/2020	M · Option Exercise	+5.88K	—	—	0.8%	760.95K	766.84K
Class B common stock, par value $0.000001 Indirect	12/20/2020	M · Option Exercise	+51.95K	—	—	6.8%	766.84K	818.78K
Total			+57.83K		$0.00

Derivative Transactions4

Phantom Class B Units

Direct

M · Option Exercise

Converts to

Class B Units

5.88K shares

−5.88K

Strike price

Held after

17.65K

Exercisable

—

12/19/2020

Class B Units

Indirect

M · Option Exercise

Converts to

Class A common stock, par value $0.01

5.88K shares

+5.88K

Strike price

Held after

766.84K

Exercisable

—

12/19/2020

Phantom Class B Units

Direct

M · Option Exercise

Converts to

Class B Units

51.95K shares

−51.95K

Strike price

Held after

103.90K

Exercisable

—

12/20/2020

Class B Units

Indirect

M · Option Exercise

Converts to

Class A common stock, par value $0.01

51.95K shares

+51.95K

Strike price

Held after

818.78K

Exercisable

—

12/20/2020

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Phantom Class B Units Direct	Class B Units5.88K shares	12/19/2020	M · Option Exercise	−5.88K	—	17.65K
Class B Units Indirect	Class A common stock, par value $0.015.88K shares	12/19/2020	M · Option Exercise	+5.88K	—	766.84K
Phantom Class B Units Direct	Class B Units51.95K shares	12/20/2020	M · Option Exercise	−51.95K	—	103.90K
Class B Units Indirect	Class A common stock, par value $0.0151.95K shares	12/20/2020	M · Option Exercise	+51.95K	—	818.78K