SEC Form 4 · accession 0001249155-17-000062
Beeline Holdings, Inc. · BLNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Melissa Heim
Officer — EVP Ops & Master Distiller
Period of report
Sep 17, 2017
Accepted (ET)
Sep 19, 2017 · 8:25 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 StockF2 | Sep 17, 2017 | M | 5,000 | $0.00 | A | 10,002 | D | |
| Common Stock | Sep 17, 2017 | F | 1,532 | $3.78 | D | 8,470 | 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,F5 | — | Sep 17, 2017 | M | 5,000 | A | Sep 17, 2017 | Sep 17, 2017 | Common Stock | 5,000 | 5,000 | D |
| Restricted Stock UnitsF4,F5 | — | Sep 17, 2017 | M | 5,000 | D | Sep 17, 2017 | Sep 17, 2017 | Common Stock | 5,000 | 0 | D |
| Employee stock Option (right to buy)F6,F7 | $3.78 | Sep 17, 2017 | A | 10,000 | A | Sep 30, 2017 | Sep 17, 2027 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1Represents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on September 17, 2017.
- F2Takes into account the 1:3 reverse stock split that was consummated on June 15, 2017. In addition, the shares previously reported as indirectly owned by the reporting person's spouse have been omitted because the reporting person is no longer considered the indirect beneficial owner of those shares.
- F3The reporting person is reporting the withholding by the Issuer of an aggregate of 1,532 shares of common stock that vested on September 17, 2017 but that were not issued in order to satisfy the reporting person's tax withholding obligations in connection with the delivery of common stock to the report person upon vesting of RSUs.
- F4Each RSU is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of ESDI on September 15, 2017 (the last trading day before the September 17, 2017 award date, which fell on a weekend) was $3.78.
- F5All 5,000 RSUs vested immediately upon grant.
- F6The RSUs and options were granted pursuant to the Issuer's 2016 Equity Incentive Plan.
- F7The options vest in 12 quarterly installments over three years, commencing on September 30, 2017 and continuing thereafter on the last day of each succeeding fiscal quarter to and including June 30, 2020, subject to continued service with the Issuer on each respective vesting date.