-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CcHG4G4X3VKdhmIc6NWTI1NieOH4ZIpoHTNo9l/XMfzVpy50Bg9iN6i3v7UOEFlw 2eLGtHzvDfDKH9m6bN1o+g== 0001214782-09-000048.txt : 20090204 0001214782-09-000048.hdr.sgml : 20090204 20090204065252 ACCESSION NUMBER: 0001214782-09-000048 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090204 DATE AS OF CHANGE: 20090204 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Pzena Investment Management, Inc. CENTRAL INDEX KEY: 0001399249 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 208999751 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83243 FILM NUMBER: 09566761 BUSINESS ADDRESS: STREET 1: 120 WEST 45TH STREET STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-355-1600 MAIL ADDRESS: STREET 1: 120 WEST 45TH STREET STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CACTI ASSET MANAGEMENT LLC CENTRAL INDEX KEY: 0001452208 IRS NUMBER: 208511630 STATE OF INCORPORATION: GA FISCAL YEAR END: 0207 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3655 PEACHTREE ROAD STREET 2: SUITE 101 CITY: ATLANTA STATE: GA ZIP: 30319 BUSINESS PHONE: 404-869-1469 MAIL ADDRESS: STREET 1: 3655 PEACHTREE ROAD STREET 2: SUITE 101 CITY: ATLANTA STATE: GA ZIP: 30319 SC 13G 1 cacti-pzena13g.htm SCHEDULE 13G cacti-pzena13g.htm
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
 
(Amendment No.                                           )*
 
Pzena Investment Management, Inc.
(Name of Issuer)
 
Class A Common Stock, Par Value $0.01 Per share
(Title of Class of Securities)
 
74731Q103
(CUSIP Number)
 
February 3, 2009
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
  o     Rule 13d-1(b)
 
  x Rule 13d-1(c)
 
  o     Rule 13d-1(d)
 
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
CUSIP No. 74731Q103
 
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Cacti Asset Management, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /   /
(b) /X/
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Georgia
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
 
    330,750  shares
 
6
SHARED VOTING POWER
 
0 shares
 
7
SOLE DISPOSITIVE POWER
 
       330,750  shares
 
8
SHARED DISPOSITIVE POWER
 
0 shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
      330,750  shares
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*                                                                                        
 /  /
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.4 %
12
TYPE OF REPORTING PERSON*
 
OO

* SEE INSTRUCTIONS BEFORE FILLING OUT!
 
2
CUSIP No. 74731Q103

1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Joshua S. Pechter
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /   /
(b) /X/
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
          330,750 shares
 
6
SHARED VOTING POWER
 
0 shares
 
7
SOLE DISPOSITIVE POWER
 
             330,750 shares
 
8
SHARED DISPOSITIVE POWER
 
0 shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
      330,750 shares
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*                                                                                         
/  /
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.40%
12
TYPE OF REPORTING PERSON*
 
IN

* SEE INSTRUCTIONS BEFORE FILLING OUT!
 
3
CUSIP No. 74731Q103

1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Cacti Partners, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*      
(a) /   /
(b) /X/
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
          100,000 shares
 
6
SHARED VOTING POWER
 
0 shares
 
7
SOLE DISPOSITIVE POWER
 
              100,000 shares
 
8
SHARED DISPOSITIVE POWER
 
0 shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
      100,000 shares
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*                                                                                        
 /  /
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
1.6%
12
TYPE OF REPORTING PERSON*
 
PN

* SEE INSTRUCTIONS BEFORE FILLING OUT!
 
4
CUSIP No. 74731Q103
 
 
Item 1(a).               Name of Issuer
 
Pzena Investment Management, Inc. (the “Issuer”).
 
Item 1(b).
Address of Issuer’s Principal Executive Offices
 
 
The Issuer's principal executive offices are located at 120 West 45th Street
 
 
New York, New York, 10036.
 
Item 2(a).               Name of Person Filing
 
This statement is jointly filed by Cacti Asset Management, LLC, a Georgia limited liability company (“CAM”), Joshua Pechter (“Pechter”) and Cacti Partners, L.P., a Delaware limited partnership (“CP”, and together with CAM and Pechter, the “Reporting Persons”). Because Pechter is the managing member of CAM, which is the general partner of CP, each of CAM and Pechter may be deemed, pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Act”), to be the beneficial owners of all the shares of Common Stock of the Issuer held by CP.  The Reporting Persons are filing this joint statement, as they may be considered a “group” under Section 13(d)(3) of the Act. However, neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that such a group exists.
 
Item 2(b).               Address of Principal Business Office or, if none, Residence
 
3655 Peachtree Road, Suite 101, Atlanta, Georgia 30319
 
Item 2(c).               Citizenship
 
CAM and CP are organized under the laws of the State of Georgia and Delaware, respectively.  Joshua Pechter is a citizen of the United States of America.
 
Item   2(d).             Title of Class of Securities
 
Class A Common Stock, par value $0.01 per share
 
Item   2(e).             CUSIP Number
 
74731Q103
 
Item   3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
  x
Not Applicable
 
(a)
 o
Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
 
(b)
 o
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
 
(c)
 o
Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
 
(d)
 o
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
(e)
 o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
 
(f)
 o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
 
(g)
 o
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).
 
(h)
 o
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
 
(i)
 o
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
 
(j)
 o
Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 
 
5
CUSIP No. 74731Q103
 
 
Item 4.                    Ownership
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.
 
1.           CAM
 
(a)               Amount beneficially owned:
 
 
 330,750 shares
 
(b)               Percent of class:
 
 
5.4% (based on 6,123,494 shares of Class A Common Stock outstanding as of November 13, 2008 as reported in the Issuer’s 10Q filed November 13, 2008)
 
(c)               Number of shares as to which the person has:
 
(i)           Sole power to vote or to direct the vote
 
 330,750 shares
 
 
(ii)
Shared power to vote or to direct the vote
 
0 shares
 
 
(iii)
Sole power to dispose or to direct the disposition of
 
330,750 shares
 
 
(iv)
Shared power to dispose or to direct the disposition of
 
330,750 shares
 
*Represents 100,000 shares held directly by CP, of which CAM serves as General Partner, and 230,750 shares controlled by CAM under account management agreements pursuant which CAM holds the power to vote and dispose of such shares.
 
6
CUSIP No. 74731Q103
 
2.           CP
 
 
(a)
Amount beneficially owned:
 
 
100,000 shares
 
 
(b)
Percent of class:
 
 
1.632% (based on 6,123,494 shares of Class A Common Stock outstanding as of November 13, 2008 as reported in the Issuer’s 10Q filed November 13, 2008)
 
 
(c)
Number of shares as to which the person has:
 
(i)           Sole power to vote or to direct the vote
 
 100,000 shares
 
 
(v)
Shared power to vote or to direct the vote
 
0 shares
 
 
(vi)
Sole power to dispose or to direct the disposition of
 
100,000 shares
 
 
(vii)
Shared power to dispose or to direct the disposition of
 
0 shares
 

 
Item 5.                    Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   [  ].
 
Item 6.                    Ownership of More than Five Percent on Behalf of Another Person
 
Not Applicable.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
 
Not Applicable.
 
7
CUSIP No. 74731Q103
 
Item 8.                    Identification and Classification of Members of the Group
 
See Exhibit A.
 
Item 9.                    Notice of Dissolution of Group
 
Not Applicable.
 
Item 10.                  Certification
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 
 
 
 
 
 
 
 
 
 
8
CUSIP No. 74731Q103
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
   
Dated:  February 3, 2008
CACTI ASSET MANAGEMENT, LLC
   
 
By: /s/ Joshua Pechter                      
 
Joshua Pechter, Managing Partner
   
   
 
/s/ Joshua Pechter                               
 
JOSHUA PECHTER
   
   
 
CACTI PARTNERS, L.P.
   
 
By:   CACTI ASSET MANAGEMENT, LLC,
 
Its General Partner
   
 
By: /s/ Joshua Pechter                      
 
Joshua Pechter, Managing Partner
 
 
 
 
9
CUSIP No. 74731Q103
 
 
EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the Statement on Schedule 13G dated February 3, 2009 with respect to the shares of Class A Common Stock of Pzena Investment Management, Inc. and any further amendments thereto executed by each and any of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.
 

Dated:  February 3, 2009
CACTI ASSET MANAGEMENT, LLC
   
 
By: /s/ Joshua Pechter                      
 
Joshua Pechter, Managing Partner
   
   
 
/s/ Joshua Pechter                               
 
JOSHUA PECHTER
   
   
 
CACTI PARTNERS, L.P.
   
 
By:   CACTI ASSET MANAGEMENT, LLC,  its General Partner
   
 
By: /s/ Joshua Pechter                      
 
Joshua Pechter, Managing Partner
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
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