SEC Form 4 · accession 0001209191-18-055479
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Scott Malamed
Officer — Executive VP and COO · Director
Period of report
Oct 17, 2018
Accepted (ET)
Oct 18, 2018 · 7:35 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 17, 2018 | M | 150,000 | $1.58 | A | 1,355,364 | D | |
| Common Stock | Oct 17, 2018 | F | 107,847 | $2.92 | D | 1,247,517 | D | |
| Common Stock | holding | — | — | — | 5,000 | I | Held by the NFS/FMTC IRA for the benefit of Adam Malamed | |
| 8.00% Series A Cumulative Redeemable Preferred StockF2 | holding | — | — | — | 4,000 | 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 Purchase)F3 | $1.58 | Oct 17, 2018 | M | 150,000 | D | — | Oct 30, 2018 | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1Represents shares withheld to cover the exercise price of the options exercised and tax withholding obligations.
- 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.
- F3The option vested in four equal annual installments commencing on October 31, 2009.