SEC Form 4 · accession 0001209191-16-130325
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Zeitchick
Officer — Executive Vice President · Director
Period of report
Jun 29, 2016
Accepted (ET)
Jul 1, 2016 · 7:51 am EDT
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 | Jun 29, 2016 | M | 600,000 | $0.88 | A | 3,457,974 | I | Held by MZ Trading LLC, of which Mr. Zeitchick is the sole managing member |
| Common Stock | Jun 29, 2016 | F | 386,058 | $2.30 | D | 3,071,916 | I | Held by MZ Trading LLC, of which Mr. Zeitchick is the sole managing member |
| 8.00% Series A Cumulative Redeemable Preferred StockF1 | holding | — | — | — | 4,000 | I | Held by MZ Trading LLC, of which Mr. Zeitchick is the sole managing member |
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 | $0.88 | Jun 29, 2016 | M | 600,000 | D | — | Jul 17, 2016 | Common Stock | 600,000 | 0 | I |
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 options were granted on July 18, 2006 and vested in four equal annual installments beginning on July 18, 2007.