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Filing Details

Accession Number:: 0001012975-18-000390
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-05-02 17:00:30
Reporting Period:: 2018-05-01

Accepted Time:: 2018-05-02 17:00:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1549966	Silvercrest Asset Management Group Inc.	SAMG	Investment Advice (6282)	455146560

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1579162	Al Messina	Silvercrest Asset Management Group Inc. 1330 Ave. Of The Americas, 38Th Floor New York NY 10019		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class B Common Stock, Par Value $0.01	Disposition	2018-05-01	1,436	$0.00	204,541	No	4	J	Direct
Class A Common Stock, Par Value $0.01	Acquisiton	2018-05-01	1,436	$0.00	1,436	No	4	C	Direct
Class A Common Stock, Par Value $0.01	Disposition	2018-05-01	1,436	$15.51	0	No	4	S	Direct
Class B Common Stock, Par Value $0.01	Disposition	2018-05-02	1,234	$0.00	203,307	No	4	J	Direct
Class A Common Stock, Par Value $0.01	Acquisiton	2018-05-02	1,234	$0.00	1,234	No	4	C	Direct
Class A Common Stock, Par Value $0.01	Disposition	2018-05-02	1,234	$15.50	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	J	Direct
No	4	C	Direct
No	4	S	Direct
No	4	J	Direct
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock, Par Value $0.01	Class B Units	Acquisiton	2018-05-01	1,436	$0.00	1,436	$0.00
Class A Common Stock, Par Value $0.01	Class B Units	Acquisiton	2018-05-02	1,234	$0.00	1,234	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
204,541			No	4	C	Direct
203,307			No	4	C	Direct

Footnotes

When the holder of a Class B unit exchanges or forfeits such Class B unit pursuant to the terms of the amended and restated certificate of incorporation of Silvercrest Asset Management Group Inc. (the "Corporation") and the second amended and restated limited partnership agreement of Silvercrest L.P. (the "Amended LPA"), each corresponding share of Class B common stock is redeemed for its par value and cancelled by the company.
Represents the conversion by Mr. Messina of Class B units to Class A common stock pursuant to the exchange agreement entered into among the Corporation and holders of Class B units (the "Exchange Agreement").
This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 15, 2018.
The transaction was executed in multiple trades at prices ranging from $15.45 to $15.55. The price above reflects the weighted average price. Detailed information regarding the number of shares transacted at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.
The transaction was executed in multiple trades at prices ranging from $15.50 to $15.55. The price above reflects the weighted average price. Detailed information regarding the number of shares transacted at each separate price will be provided upon request by the Commission staff, the Issuer or a security holder of the Issuer.
Each class B unit is exchangeable for a share of Class A common stock of the Corporation, subject to the timing and volume limitations set forth in the Amended LPA.
Pursuant to the Exchange Agreement, so long as the holder is employed by Silvercrest L.P., each year in the period beginning on January 2, 2014, the holder and his permitted transferees may collectively exchange for shares of Class A common stock up to the number of vested Class B units that equals 20% of all Class B units such holder and his or her permitted transferees collectively hold as of the first day of that year, in accordance with the timing restrictions described in footnote 8 below. The holder must retain at least 25% of the number of Class B units held by the holder on July 2, 2013.
On or after January 2, 2014, holders of Class B units became permitted to sell shares of Class A common stock issued upon exchange of Class B units during the first 10-day period of the open trading window of each.