0001209191-22-008907.txt : 20220211
0001209191-22-008907.hdr.sgml : 20220211
20220211164557
ACCESSION NUMBER: 0001209191-22-008907
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220210
FILED AS OF DATE: 20220211
DATE AS OF CHANGE: 20220211
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lee Ji-Yeun
CENTRAL INDEX KEY: 0001653457
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36869
FILM NUMBER: 22622005
MAIL ADDRESS:
STREET 1: C/O PJT PARTNERS INC.
STREET 2: 280 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10017
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PJT Partners Inc.
CENTRAL INDEX KEY: 0001626115
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
IRS NUMBER: 364797143
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 280 PARK AVENUE
STREET 2: 16TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212-364-7800
MAIL ADDRESS:
STREET 1: 280 PARK AVENUE
STREET 2: 16TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
FORMER COMPANY:
FORMER CONFORMED NAME: Blackstone Advisory Inc.
DATE OF NAME CHANGE: 20141120
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-02-10
0
0001626115
PJT Partners Inc.
PJT
0001653457
Lee Ji-Yeun
C/O PJT PARTNERS INC.
280 PARK AVENUE
NEW YORK
NY
10017
0
1
0
0
Managing Partner
LTIP Units of PJT Partners Holdings LP
2022-02-10
4
A
0
50410
0.00
A
Class A Common Stock
50410
755410
D
Partnership Units of PJT Partners Holdings LP
Class A Common Stock
130000
130000
I
By family trust
Represents a series of LTIP Units ("Performance LTIPs") of PJT Partners Holdings LP ("PJT Holdings"). These Performance LTIPs are subject to both time and performance vesting conditions. Performance LTIPs satisfy the time-vesting condition with 20% vesting on each of March 1, 2023, 2024, 2025, 2026, and 2027. The performance vesting condition will be satisfied upon the shares of Class A Common Stock of the Issuer achieving certain dividend adjusted volume-weighted average share price ("VWAP") targets over any consecutive 20-day trading period ending on or prior to February 28, 2027, as follows: (a) 50% will be earned upon achieving a 20-day VWAP of $100 per share; and (b) if the 20-day VWAP is between $100 and $130, then the remaining 50% of Performance LTIPs will become earned as shall be determined by linear interpolation between 50% and 100%.
Upon the occurrence of specified events, the Performance LTIPs reported herein can automatically be converted into Partnership Units of PJT Holdings on a one-for-one basis.
Subject to the terms of an exchange agreement, on a quarterly basis, the Partnership Units of PJT Holdings may be exchanged for cash or, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis.
/s/Salvatore Rappa, as Attorney-in-Fact
2022-02-11