SEC Form 4 · accession 0001209191-15-005881
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Scott Malamed
Officer — Chief Operating Officer
Period of report
Jan 20, 2015
Accepted (ET)
Jan 22, 2015 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001029730
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 20, 2015 | A | 125,000 | $0.00 | A | 463,478 | D | |
| Common Stock | holding | — | — | — | 5,000 | I | Held by the NFS/FMTC IRA for the benefit of Adam Malamed | |
| 8.00% Series A Cumulative Redeemable Preferred StockF2 | holding | — | — | — | 4,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $4.25 | Jan 20, 2015 | A | 50,000 | A | — | Jan 20, 2025 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Restricted shares of common stock issued pursuant to the issuer's Amended and Restated 2009 Incentive Compensation Plan. Restricted shares vest in four equal annual installments commencing on the first anniversary of the date of grant provided Mr. Malamed is then still an employee of the issuer, subject to earlier vesting upon his death or disability or a change of control of the issuer.
- F2The 8.00% Series A Cumulative Redeemable Preferred Stock is convertible into common stock at a non-fixed conversion rate in connection with a change of control as described in the issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 24, 2013.
- F3The option will vest in four equal annual installments commencing on the first anniversary of the date of grant provided that Mr. Malamed is then still an employee of the issuer, subject to earlier vesting upon his death or disability or a change of control of the issuer.