SEC Form 4 · accession 0001209191-15-007872
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
joseph giovanniello
Officer — Senior Vice President
Period of report
Jan 29, 2015
Accepted (ET)
Jan 30, 2015 · 4:24 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 Stock | Jan 29, 2015 | M | 30,000 | $0.58 | A | 174,536 | D | |
| 8.00% Series A Cumulative Redeemable Preferred StockF1 | holding | — | — | — | 2,000 | 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)F2 | $0.58 | Jan 29, 2015 | M | 30,000 | D | — | Aug 18, 2015 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1The 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.
- F2The option vested in four equal annual installments commencing on August 18, 2006, which was the first anniversary of the date of grant.