SEC Form 4 · accession 0001209191-18-034743
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jacqueline M Simkin
Director
Period of report
May 30, 2018
Accepted (ET)
Jun 1, 2018 · 4:54 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 30, 2018 | A | 30,000 | $0.00 | A | 60,000 | D | |
| Common StockF2 | holding | — | — | — | 1,823,468 | I | Held by The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03 | |
| Common StockF3 | holding | — | — | — | 158,000 | I | Held by The Jacqueline Simkin Charitable Remainder Unitrust dtd 09/06/2002 | |
| 8.00% Series A Cumulative Redeemable Preferred StockF4,F2 | holding | — | — | — | 8,000 | I | Held by The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03 |
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 two equal annual installments commencing on the first anniversary of the date of grant provided Ms. Simkin is then still a director of the issuer, subject to earlier vesting upon her death or disability or a change of control of the issuer.
- F2The reporting person is the trustee of the above-listed trust.
- F3The reporting person is a co-trustee of the above-listed trust and disclaims beneficial ownership except to the extent of her pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- F4The 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.