SEC Form 4 · accession 0001249155-17-000077
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
Dec 14, 2017
Accepted (ET)
Dec 18, 2017 · 5:12 pm EST
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 | Dec 14, 2017 | M | 10,000 | $0.00 | A | 27,000 | D | |
| Common Stock | Dec 14, 2017 | F | 2,000 | $4.33 | D | 25,000 | 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 UnitsF5,F3,F4 | — | Dec 14, 2017 | A | 10,000 | A | Dec 14, 2017 | Dec 14, 2017 | Common Stock | 10,000 | 10,000 | D |
| Restricted Stock UnitsF5,F3,F4 | — | Dec 14, 2017 | M | 10,000 | D | Dec 14, 2017 | Dec 14, 2017 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Represents the settlement of restricted stock units ("RSUs") that vested on December 14, 2017 through the issuance of shares of common stock.
- F2The reporting person is reporting the withholding by the Issuer of an aggregate of 2,000 shares of common stock that vested on December 14, 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 reporting person upon vesting of RSUs.
- F3Each RSU is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of ESDI on December 14, 2017 was $4.33.
- F4All 10,000 RSUs vested immediately upon grant.
- F5The RSUs were granted pursuant to the Issuer's 2016 Equity Incentive Plan.