SEC Form 4 · accession 0001249155-17-000060
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
Sep 1, 2017
Accepted (ET)
Sep 6, 2017 · 6:22 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 StockF1 | Jun 23, 2017 | G | 10,000 | $0.00 | D | 14,500 | D | |
| Common StockF1 | Sep 1, 2017 | M | 2,500 | $0.00 | A | 17,000 | 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 UnitsF1,F3 | — | Sep 1, 2017 | M | 2,500 | D | Sep 1, 2017 | Sep 1, 2017 | Common Stock | 2,500 | 0 | D |
Explanation of responses
- F1Reflects the adjustment in the share numbers resulting from the three-for-one reverse stock split effected on June 15, 2017.
- F2Represents the settlement of restricted stock units ("RSUs") that vested on September 1, 2017 through the issuance of shares of common stock. The RSU award was reported on a Form 4 filed on May 26, 2017.
- F3Each RSU is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of ESDI on September 1, 2017 (the vesting date) was $3.90.