SEC Form 4 · accession 0001209191-17-045991
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard M Lorber
Director
Period of report
Jul 20, 2017
Accepted (ET)
Jul 21, 2017 · 5:08 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 | 300,000 | $2.30 | A | 2,949,995 | D | |
| Common Stock | Jul 20, 2017 | F | 277,108 | $2.49 | D | 2,672,887 | D | |
| Common StockF1 | holding | — | — | — | 522,027 | I | Lorber Alpha II Limited Partnership | |
| Common Stock | holding | — | — | — | 67 | I | By Howard Lorber Rollover IRA |
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 | 300,000 | D | — | Jul 25, 2017 | Common Stock | 300,000 | 0 | D |
Explanation of responses
- F1Lorber Alpha II LLC, a Delaware limited liability company, is the general partner of Lorber Alpha II Limited Partnership, a Nevada limited partnership. The reporting person serves as the Managing Member of Lorber Alpha II LLC and has voting and dispositive power with respect to such shares.
- F2The options were granted on July 26, 2007 and vested in four equal annual installments beginning on July 26, 2008.