Evercore Partners Inc. Stockholders' Equity

6 Months Ended

Jun. 30, 2011

Evercore Partners Inc. Stockholders' Equity

Evercore Partners Inc. Stockholders' Equity

Note 12 – Evercore Partners Inc. Stockholders' Equity

Offerings – During the second quarter of 2011, the Company had an offering of 5,365 shares of Class A common stock. A portion of the proceeds were used to purchase from certain holders, including members of the Company's senior management, a number of outstanding Evercore LP partnership units ("LP Units"). The Company intends to use a portion of the remainder of the proceeds to fund the initial cash payments associated with the Company's pending acquisition of Lexicon. See Note 4.

The offering resulted in an increase to Common Stock and Additional Paid-In-Capital of $54 and $167,597, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2011. The purchase of outstanding LP Units resulted in a decrease to Additional Paid-In-Capital of $84,195 on the Company's Unaudited Condensed Consolidated Statements of Financial Condition as of June 30, 2011. See Note 13 for the impact of this transaction on Noncontrolling Interest. Additionally, the above transaction resulted in an increase in the tax basis of the tangible and intangible assets of Evercore LP, which triggered an additional liability under the tax receivable agreement that was entered into in 2006 between the Company and the LP Unit holders. The agreement provides for a payment to the LP Unit holders of 85% of the cash tax savings (if any), resulting from the increased tax benefits from the exchange and for the Company to retain 15% of such benefits. Accordingly, Deferred Tax Assets – Non-Current, Amounts Due Pursuant to Tax Receivable Agreements and Additional Paid-In-Capital increased $47,481, $40,360 and $7,122, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2011.

Dividends – During the three and six months ended June 30, 2011, the Company declared and paid dividends of $0.18 and $0.36 per share, totaling $4,116 and $8,231, respectively. The Company's Board of Directors declared on July 26, 2011, a quarterly cash dividend of $0.18 per share, to the holders of Class A common stock as of August 26, 2011, which will be paid on September 9, 2011.

Treasury Stock – During the six months ended June 30, 2011, the Company purchased 489 Class A common shares from employees at market values ranging from $32.08 to $36.41 per share for the net settlement of stock-based compensation awards. The result of these purchases was an increase in Treasury Stock of $16,750 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2011.

LP Units – During the six months ended June 30, 2011, 299 LP Units were gifted by employees to various charities and exchanged for Class A common shares, resulting in an increase to Common Stock and Additional Paid-In-Capital of $3 and $1,694, respectively, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2011. See "Offerings" above for additional LP Unit transactions.