SEC Form 4 · accession 0001209191-18-021278
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brett Kaufman
Officer — Senior Vice President and CFO
Period of report
Mar 20, 2018
Accepted (ET)
Mar 22, 2018 · 5:14 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 |
|---|---|---|---|---|---|---|---|---|
| 8.00% Series A Cumulative Redeemable Preferred StockF1,F2 | Jan 30, 2018 | L | 1 | $25.20 | A | 205 | D | |
| Common Stock | Mar 20, 2018 | M | 150,000 | $2.30 | A | 327,361 | D | |
| Common StockF3 | Mar 20, 2018 | F | 105,803 | $3.57 | D | 221,558 | D |
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)F4 | $2.30 | Mar 20, 2018 | M | 150,000 | D | — | Mar 24, 2018 | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1Automatic reinvestment of dividends by broker not made as part of a dividend reinvestment plan. This transaction qualified for the reporting deferral pursuant to Rule 16a-6 and is being reported voluntarily on Form 4.
- F2The 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.
- F3Shares surrendered in payment of exercise price and tax withholding due upon exercise of stock option.
- F4The option vested in four equal annual installments commencing on March 25, 2009.