SEC Form 4 · accession 0001209191-16-096169
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Phillip Md Et Al Frost
Director · 10% Owner
Frost Gamma Investments Trust
10% Owner
Frost Nevada Investments Trust
10% Owner
Period of report
Feb 4, 2016
Accepted (ET)
Feb 8, 2016 · 7:28 am 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 | Feb 4, 2016 | M | 1,200,000 | $0.86 | A | 1,220,000 | D | |
| Common Stock | Feb 4, 2016 | M | 20,000 | $1.39 | A | 1,240,000 | D | |
| Common StockF1 | holding | — | — | — | 12,691,199 | I | Frost Gamma Investments Trust | |
| Common StockF2 | holding | — | — | — | 43,013,431 | I | Frost Nevada Investments Trust | |
| 8.00% Series A Cumulative Redeemable Preferred StockF3,F2 | holding | — | — | — | 910,000 | I | Frost Nevada Investments Trust |
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)F4 | $0.86 | Feb 4, 2016 | M | 1,200,000 | D | — | Jul 12, 2016 | Common Stock | 1,200,000 | 0 | D |
| Stock Option (Right to Buy) | $1.39 | Feb 4, 2016 | M | 20,000 | D | Nov 6, 2007 | Nov 5, 2016 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1These securities are held by Frost Gamma Investments Trust, of which the Reporting Person is the trustee and Frost Gamma, L.P. is the sole and exclusive beneficiary. The Reporting Person is one of two limited partners of Frost Gamma, L.P. The general partner of Frost Gamma, L.P. is Frost Gamma, Inc., and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada Corporation. The Reporting Person is also the sole shareholder of Frost-Nevada Corporation.
- F2These securities are held by Frost Nevada Investments Trust, of which the Reporting Person is the trustee and Frost-Nevada, L.P. is the sole and exclusive beneficiary. The Reporting Person is one of five limited partners of Frost-Nevada, L.P. and the sole shareholder of Frost-Nevada Corporation, the sole general partner of Frost-Nevada, L.P.
- F3The 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.
- F4The options were granted on July 13, 2006 and vested in four equal installments beginning on July 13, 2007.