AI assistant
DigitalBridge Group, Inc. — Director's Dealing 2022
Apr 7, 2022
31578_dirs_2022-04-07_62a259b9-c55e-4b0f-872c-5c57abebf774.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: DigitalBridge Group, Inc. (DBRG)
CIK: 0001679688
Period of Report: 2022-03-28
Reporting Person: Jenkins Benjamin J. (President & CIO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 94053 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| LTIP Units | $ | Class A Common Stock (1845018.0) | Indirect | ||
| OP Units | $ | Class A Common Stock (7434405.0) | Indirect |
Footnotes
F1: Includes the following shares of restricted Class A Common Stock granted to the reporting person by DigitalBridge Group, Inc. (the "Company"): (i) 24,631 shares which vest in two equal installments on March 15, 2023 and March 15, 2024, and (ii) 62,069 shares which vest in three equal installments on March 15, 2023, March 15, 2024 and March 15, 2025.
F2: Represents long-term incentive units ("LTIP Units") issued by DigitalBridge Operating Company, LLC (the "OP") to the reporting person. The LTIP Units are structured as profits interests in the OP. Each LTIP Unit is convertible, at the election of the holder, into one common unit of membership interest in the OP ("OP Unit"). Each of the OP Units underlying these LTIP Units is redeemable at the election of the OP Unit holder for (1) cash equal to the then fair market value of one share of the Company's Class A common stock or (2) at the option of the Company in its capacity as managing member of the OP, one share of Class A Common Stock. The rights to convert LTIP Units into OP Units and redeem OP Units do not have expiration dates.
F3: Represents OP Units issued by the OP in connection with the Company's acquisition of Digital Bridge Holdings, LLC. Subject to certain lock-up restrictions, each of the OP Units is redeemable at the election of the OP Unit holder for (1) cash equal to the then fair market value of one share of Class A Common Stock or (2) at the option of the Company in its capacity as managing member of the OP, one share of Class A Common Stock. There is no expiration date on the right to redeem OP Units.
F4: 3,348,827 of the OP Units are subject to lock-up restrictions, which expire on July 25, 2022.