SEC Form 4 · accession 0001249155-17-000041
Beeline Holdings, Inc. · BLNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Shum
Officer — Chief Financial Officer
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 5:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001534708
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 24, 2017 | M | 7,500 | $0.00 | A | 73,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F2,F3 | — | May 24, 2017 | A | 15,000 | A | — | — | Common Stock | 15,000 | 15,000 | D |
| Restricted Stock UnitsF4,F2,F3 | — | May 24, 2017 | M | 7,500 | D | — | — | Common Stock | 7,500 | 7,500 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock.
- F2Each RSU is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of ESDI on May 24, 2017 (the grant date and the date of the first vesting installment) was $2.04.
- F3The RSUs vest on the following schedule: (i) 7,500 immediately; and (ii) 7,500 upon the closing of an equity financing of at least $5.0 million.
- F4Awarded under the Issuer's equity incentive plan.