ITG director reports indirect equity holdings
ITG, Inc. filed an initial ownership report for director William G. LaPerch.
Rhea-AI Filing Summary
ITG, Inc. filed an initial ownership report for director William G. LaPerch. The filing shows 215,744 LLC Interests of ITG Parent, LLC and an equal number of non-economic voting shares of Class B common stock held indirectly through ITG Management Holdings, LLC on his behalf. Each LLC Interest, together with cancellation of a corresponding Class B share, may be exchanged for one share of Class A common stock or, at the election of a majority of the issuer’s disinterested directors, a cash payment based on a volume-weighted average market price. LaPerch disclaims beneficial ownership of securities held by ITG Management Holdings, LLC except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LAPERCH WILLIAM G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | LLC Interests | -- | -- | -- |
| holding | Class B common stock | -- | -- | -- |
Holdings After Transaction:
LLC Interests — 215,744 contracts (Indirect, See footnote);
Class B common stock — 215,744 shares (Indirect, See footnote)
Footnotes (2)
- F1. The reported securities represent common units of ITG Parent, LLC ("LLC Interests") and an equal number of non-economic voting shares of Class B common stock, each directly held by ITG Management Holdings, LLC ("Management Holdings") on behalf of the Reporting Person. The Reporting Person expressly disclaims beneficial ownership of the securities held by Management Holdings except to the extent of their pecuniary interest therein.
- F2. Each LLC Interest, upon the cancellation of an equal number of shares of Class B common stock, may be exchanged from time to time, for an equal number of shares of Class A common stock (or, at the election of a majority of the Issuer's disinterested directors, a cash payment equal to a volume-weighted average market price of one share of Class A common stock for each LLC Interest).
Key Figures
Indirect LLC Interests: 215,744 interests
Indirect Class B common shares: 215,744 shares
Underlying Class A common stock: 215,744 shares
+1 more
4 metrics
Indirect LLC Interests
215,744 interests
LLC Interests of ITG Parent, LLC held via ITG Management Holdings, LLC
Indirect Class B common shares
215,744 shares
Non-economic voting Class B shares held with LLC Interests
Underlying Class A common stock
215,744 shares
Shares obtainable upon exchange of LLC Interests and Class B share cancellation
Exercise price of LLC Interests
$0.0000 per interest
Conversion or exercise price for LLC Interests into Class A or cash alternative
Key Terms
LLC Interests, Class B common stock, pecuniary interest, volume-weighted average market price, +1 more
5 terms
LLC Interests financial
"The reported securities represent common units of ITG Parent, LLC ("LLC Interests") and an equal number..."
Class B common stock financial
"...and an equal number of non-economic voting shares of Class B common stock, each directly held..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
pecuniary interest financial
"The Reporting Person expressly disclaims beneficial ownership of the securities... except to the extent of their pecuniary interest therein."
volume-weighted average market price financial
"...a cash payment equal to a volume-weighted average market price of one share of Class A common stock..."
Volume-weighted average market price is the average price at which a security trades over a set period, where each trade’s price is given more influence based on how many shares changed hands. Think of it like calculating the average cost of apples in a market but giving more weight to the prices of the biggest purchases; investors use it to judge whether a trade was made at a typical, bargain, or expensive price and to benchmark trading performance.
disinterested directors financial
"...at the election of a majority of the Issuer's disinterested directors, a cash payment equal to..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does ITG (ITG) disclose in William G. LaPerch’s Form 3?
The Form 3 reports William G. LaPerch’s indirect interest in 215,744 LLC Interests and an equal number of Class B common shares held by ITG Management Holdings, LLC on his behalf, establishing his initial ownership position in ITG’s equity structure.
How can ITG (ITG) LLC Interests be converted into Class A common stock?
Each LLC Interest, together with cancellation of a corresponding Class B share, may be exchanged for one share of Class A common stock or, if chosen by a majority of disinterested directors, for a cash amount equal to a volume-weighted average market price.
Who directly holds the ITG securities reported for William G. LaPerch?
The securities are directly held by ITG Management Holdings, LLC on behalf of William G. LaPerch. He expressly disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in Management Holdings’ holdings.
Does this ITG Form 3 show any recent buying or selling by William G. LaPerch?
The Form 3 functions as an initial ownership report and does not show explicit buy or sell transactions. It instead lists LaPerch’s indirect interests in LLC Interests and Class B common shares through ITG Management Holdings, LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
