SEC Form 4 · accession 0001209191-18-055202
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard M Lorber
Director
Period of report
Oct 15, 2018
Accepted (ET)
Oct 17, 2018 · 7:58 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 | Oct 15, 2018 | M | 300,000 | $1.58 | A | 3,022,887 | D | |
| Common Stock | Oct 15, 2018 | F | 179,546 | $2.64 | D | 2,843,341 | D | |
| Common StockF2 | holding | — | — | — | 522,027 | I | Lorber Alpha II Limited Partnership | |
| Common Stock | holding | — | — | — | 67 | I | By Howard Lorber Rollover IRA |
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)F3 | $1.58 | Oct 15, 2018 | M | 300,000 | D | — | Oct 30, 2018 | Common Stock | 300,000 | 0 | D |
Explanation of responses
- F1Represents shares withheld to cover the exercise price of the options exercised.
- F2Lorber Alpha II LLC, a Delaware limited liability company, is the general partner of Lorber Alpha II Limited Partnership, a Nevada limited partnership. The reporting person serves as the Managing Member of Lorber Alpha II LLC and has voting and dispositive power with respect to such shares.
- F3The options were granted on October 31, 2008 and vested in four equal annual installments beginning on October 31, 2009.