SEC Form 4 · accession 0001209191-18-055483
LADENBURG THALMANN FINANCIAL SERVICES INC. · LTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Lampen
Officer — CEO, President & Chairman · Director
Period of report
Oct 17, 2018
Accepted (ET)
Oct 18, 2018 · 7:38 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 | 600,000 | $1.58 | A | 3,005,059 | D | |
| Common Stock | Oct 17, 2018 | F | 431,388 | $2.92 | D | 2,573,671 | D | |
| Common StockF2 | holding | — | — | — | 73,333 | I | By wife | |
| 8.00% Series A Cumulative Redeemable Preferred StockF3,F2 | holding | — | — | — | 4,200 | I | By wife |
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)F4 | $1.58 | Oct 17, 2018 | M | 600,000 | D | — | Oct 30, 2018 | Common Stock | 600,000 | 0 | D |
Explanation of responses
- F1Represents shares withheld to cover the exercise price of the options exercised and tax withholding obligations.
- F2The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F3The 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.
- F4The option vested in four equal annual installments commencing on October 31, 2009.