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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| OCGH Units | (1) (2) | 12/31/2017 | G(3) | V | 112,502 | (1)(2) | (1)(2) | Class A Units | 112,502 | $ 0 | 112,501 | I | By grantor retained annuity trust (3) | ||
| OCGH Units | (1) (2) | 12/31/2017 | G(3) | V | 112,502 | (1)(2) | (1)(2) | Class A Units | 112,502 | $ 0 | 112,502 | I | By trust (3) | ||
| OCGH Units | (1) (2) | 12/31/2017 | G(4) | V | 112,501 | (1)(2) | (1)(2) | Class A Units | 112,501 | $ 0 | 0 | I | By grantor retained annuity trust (4) | ||
| OCGH Units | (1) (2) | 12/31/2017 | G(4) | V | 112,501 | (1)(2) | (1)(2) | Class A Units | 112,501 | $ 0 | 112,501 | I | By trust (4) | ||
| OCGH Units | (1) (2) | 12/31/2017 | G(5) | V | 22,500 | (1)(2) | (1)(2) | Class A Units | 22,500 | $ 0 | 90,002 | I | By trust (3) | ||
| OCGH Units | (1) (2) | 12/31/2017 | G(6) | V | 16,553 | (1)(2) | (1)(2) | Class A Units | 16,553 | $ 0 | 248,301 | I | By Frank 2012 Family LLC (6) | ||
| OCGH Units | (1) (2) | (1)(2) | (1)(2) | Class A Units | 1,607,290 | 1,607,290 (7) | D (3) (4) (6) | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Frank John C/O OAKTREE CAPITAL GROUP, LLC 333 SOUTH GRAND AVENUE, 28TH FLOOR LOS ANGELES, CA 90071 |
X | Vice Chairman | ||
| /s/ Richard Ting, Attorney-in-fact | 01/03/2018 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Each limited partnership unit ("OCGH unit") of Oaktree Capital Group Holdings, L.P. ("OCGH") represents a limited partnership interest in OCGH. Pursuant to an exchange agreement and subject to certain restrictions, including the approval of the exchange by the Issuer's board of directors, each holder of OCGH units has the right to exchange his or her vested OCGH units for, at the option of the Issuer's board of directors, Class A units on a one-for-one basis, an equivalent amount of cash based on then-prevailing market prices, other consideration of equal value or any combination of the foregoing, with adjustments, as applicable, to account for the disproportionate sharing among certain OCGH unitholders of the historical incentive income of certain of the Issuer's closed-end funds that held their final closing before the Issuer's May 2007 restructuring. (Continued in footnote 2) |
| (2) | The adjustments will be made pursuant to the OCGH limited partnership agreement to account for the fact that, as a result of the May 2007 restructuring, the interests of certain OCGH unitholders in historical incentive income are disproportionately larger or smaller than their pro rata interest in the Issuer's business, depending on when the unitholder's interest in the Issuer's business was acquired. |
| (3) | Transfer of 112,502 OCGH units by a terminating grantor retained annuity trust to a trust controlled by Mr. Frank in his capacity as trustee for the benefit of a family member in accordance with the terms of the grantor retained annuity trust. The OCGH units transferred by the grantor retained annuity trust had previously been reported as directly owned by Mr. Frank. |
| (4) | Transfer of 112,501 OCGH units by a terminating grantor retained annuity trust to a trust controlled by Mr. Frank in his capacity as trustee for the benefit of a different family member in accordance with the terms of the grantor retained annuity trust. The OCGH units transferred by the grantor retained annuity trust had previously been reported as directly owned by Mr. Frank. |
| (5) | Transfer of 22,500 OCGH units by the trust for the benefit of a family member referenced in note 3 to such family member. |
| (6) | Transfer of 16,553 OCGH units by a family limited liability company controlled by Mr. Frank to a family member. The OCGH units transferred by such limited liability company had previously been reported as directly owned by Mr. Frank. |
| (7) | This balance represents the number of OCGH units held directly by Mr. Frank. |
| Remarks: Mr. Frank disclaims beneficial ownership of the OCGH units reported on this Form 4, except to the extent of his pecuniary interest therein. | |