SEC Form 4 · accession 0001209191-16-092130
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip Md Et Al Frost
Director · 10% Owner
Period of report
Jan 14, 2016
Accepted (ET)
Jan 19, 2016 · 5:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001029730
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $2.65 | Jan 14, 2016 | A | 200,000 | A | — | Jan 14, 2026 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1The option will vest in four equal annual installments commencing on the first anniversary of the date of grant provided that Dr. Frost is then still a director of the issuer, subject to earlier vesting upon his death or disability or a change of control of the issuer.