SEC Form 4 · accession 0001209191-18-004046
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
Jan 12, 2018
Accepted (ET)
Jan 17, 2018 · 5:27 pm 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 StockF1,F2 | Jan 12, 2018 | A | 325,000 | $0.00 | A | 887,500 | D | |
| Common Stock | Jan 13, 2018 | F | 27,453 | $3.21 | D | 860,047 | D | |
| Common Stock | Jan 14, 2018 | F | 24,957 | $3.21 | D | 835,090 | D | |
| Common StockF3,F4 | holding | — | — | — | 1,216,072 | I | Held by the Mark D. Zeitchick 2016 Revocable Trust | |
| Common Stock | holding | — | — | — | 1,514,211 | I | Held by MZ Trading LLC, of which Mr. Zeitchick is the sole managing member | |
| 8.00% Series A Cumulative Redeemable Preferred StockF5,F4 | holding | — | — | — | 4,000 | I | Held by the Mark D. Zeitchick 2016 Revocable Trust |
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 four equal annual installments commencing on the first anniversary of the date of grant provided Mr. Zeitchick is then still an employee or director of the issuer, subject to earlier vesting upon his death or disability or a change of control of the issuer.
- F2Includes the transfer of 617,947 shares previously held directly by the reporting person to the Mark D. Zeitchick 2016 Revocable Trust.
- F3Includes the transfer of 617,947 shares previously held directly by the reporting person.
- F4The reporting person is the trustee of the above-listed trust.
- F5The 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.