SEC Form 4 · accession 0001249155-18-000067
Beeline Holdings, Inc. · BLNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shelly Saunders
Director
Period of report
Oct 15, 2018
Accepted (ET)
Oct 17, 2018 · 7:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001534708
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F1 | $7.87 | Oct 15, 2018 | A | 5,000 | A | Oct 15, 2018 | Oct 15, 2028 | Common Stock | 5,000 | 5,000 | D |
| Restricted Stock UnitsF2,F3 | — | Oct 15, 2018 | A | — | A | Dec 31, 2018 | Sep 30, 2019 | Common Stock | — | — | D |
Explanation of responses
- F1The options are immediately exercisable.
- F2Each restricted stock unit ("RSU") is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of EAST on the October 15, 2018 award date was $7.87.
- F3The RSUs will vest in four quarterly $5,000 installments (for a total of $20,000) on the last day of each quarter, beginning on December 31, 2018 and continuing through and including September 30, 2019, the exact number of shares to be issued on each vesting date to be calculated based upon the closing price of the Issuer's common stock on such date, subject to continued service with the Issuer o each respective vesting date.