SEC Form 4 · accession 0001209191-17-035940
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jacqueline M Simkin
Director
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 5:12 pm 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 StockF1 | May 24, 2017 | A | 30,000 | $0.00 | A | 30,000 | D | |
| Common StockF2,F3 | holding | — | — | — | 1,845,443 | I | Held by The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03 | |
| Common StockF4,F5 | holding | — | — | — | 158,000 | I | Held by The Jacqueline Simkin Charitable Remainder Unitrust dtd 09/06/2002 | |
| 8.00% Series A Cumulative Redeemable Preferred StockF6,F3 | holding | — | — | — | 8,000 | I | Held by The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03 |
Table II — derivative securities
No Table II lines on this filing.
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 two equal annual installments commencing on the first anniversary of the date of grant provided Ms. Simkin is then still a director of the issuer, subject to earlier vesting upon her death or disability or a change of control of the issuer.
- F2Includes the transfer of (i) 194,500 shares from The LTS #2 Grantor Retained Annuity Trust dtd 11/18/11 and (ii) 23,000 shares from The Jacqueline Simkin Charitable Remainder Unitrust dtd 09/06/2002 to The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03.
- F3The reporting person is the trustee of the above-listed trust.
- F4Includes the transfer of 23,000 shares from The Jacqueline Simkin Charitable Remainder Unitrust dtd 09/06/2002 to The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03.
- F5The reporting person is a co-trustee of the above-listed trust and disclaims beneficial ownership except to the extent of her pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- F6The 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.