SEC Form 4 · accession 0001209191-17-045985
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
Jul 20, 2017
Accepted (ET)
Jul 21, 2017 · 5:04 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 Stock | Jul 20, 2017 | M | 600,000 | $2.30 | A | 3,890,042 | I | Held by MZ Trading LLC, of which Mr. Zeitchick is the sole managing member |
| Common Stock | Jul 20, 2017 | F | 572,412 | $2.49 | D | 3,317,630 | 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 | $2.30 | Jul 20, 2017 | M | 600,000 | D | — | Jul 25, 2017 | 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 26, 2007 and vested in four equal annual installments beginning on July 26, 2008.