SEC Form 4 · accession 0001209191-18-030265
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Saul Gilinski
Director
Period of report
May 11, 2018
Accepted (ET)
May 15, 2018 · 5:29 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 11, 2018 | S | 20,000 | $3.7805 | D | 1,513,860 | D | |
| Common StockF2 | May 14, 2018 | S | 15,600 | $3.8087 | D | 1,498,260 | D | |
| Common Stock | May 14, 2018 | M | 20,000 | $1.88 | A | 1,518,260 | D | |
| Common Stock | May 14, 2018 | F | 9,869 | $3.81 | D | 1,508,391 | D | |
| Common Stock | May 14, 2018 | M | 20,000 | $0.73 | A | 1,528,391 | D | |
| Common Stock | May 14, 2018 | F | 3,832 | $3.81 | D | 1,524,559 | D | |
| Common Stock | May 14, 2018 | M | 20,000 | $1.11 | A | 1,544,559 | D | |
| Common Stock | May 14, 2018 | F | 5,827 | $3.81 | D | 1,538,732 | D | |
| Common Stock | May 14, 2018 | M | 20,000 | $1.79 | A | 1,558,732 | D | |
| Common Stock | May 14, 2018 | F | 9,396 | $3.81 | D | 1,549,336 | D | |
| Common Stock | May 14, 2018 | M | 20,000 | $1.32 | A | 1,569,336 | D | |
| Common Stock | May 14, 2018 | F | 6,929 | $3.81 | D | 1,562,407 | D | |
| Common StockF4 | May 15, 2018 | S | 6,400 | $3.7349 | D | 1,556,007 | D | |
| 8.00% Series A Cumulative Redeemable Preferred StockF5 | holding | — | — | — | 26,000 | 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) | $1.88 | May 14, 2018 | M | 20,000 | D | Jun 6, 2009 | Jun 5, 2018 | Common Stock | 20,000 | 0 | D |
| Stock Option (Right to Buy) | $0.73 | May 14, 2018 | M | 20,000 | D | Aug 27, 2010 | Aug 27, 2019 | Common Stock | 20,000 | 0 | D |
| Stock Option (Right to Buy) | $1.11 | May 14, 2018 | M | 20,000 | D | Sep 24, 2011 | Sep 24, 2020 | Common Stock | 20,000 | 0 | D |
| Stock Option (Right to Buy) | $1.79 | May 14, 2018 | M | 20,000 | D | Nov 10, 2012 | Nov 10, 2021 | Common Stock | 20,000 | 0 | D |
| Stock Option (Right to Buy) | $1.32 | May 14, 2018 | M | 20,000 | D | Sep 28, 2013 | Sep 28, 2022 | Common Stock | 20,000 | 30,000 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.75 to $3.81, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.76 to $3.83, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
- F3Represents shares withheld to cover the exercise price of the options exercised.
- F4The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.71 to $3.76, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (4) to this Form 4.
- 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 Articles of Amendment to the Articles of Incorporation filed with the Securities and Exchange Commission as Exhibit 3.1 to the issuer's Form 8-K on June 25, 2013.