SEC Form 4 · accession 0001209191-18-033263
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian S Genson
Director
Period of report
May 24, 2018
Accepted (ET)
May 25, 2018 · 7:42 am 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 | May 24, 2018 | M | 20,000 | $1.88 | A | 120,000 | D | |
| Common StockF1 | holding | — | — | — | 10,000 | I | By Genson Capital LLC | |
| 8.00% Series A Cumulative Redeemable Preferred StockF2,F1 | holding | — | — | — | 2,000 | I | By Genson Capital LLC |
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 24, 2018 | M | 20,000 | D | Jun 6, 2009 | Jun 5, 2018 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1The reporting person is the managing member of Genson Capital LLC.
- 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.