Gilinski Saul 4
4 · LADENBURG THALMANN FINANCIAL SERVICES INC. · Filed Aug 17, 2018
Insider Transaction Report
Form 4
Gilinski Saul
Director
Transactions
- Sale
Common Stock
2018-08-17$3.23/sh−50,000$161,670→ 1,536,007 total
Holdings
- 26,000
8.00% Series A Cumulative Redeemable Preferred Stock
Footnotes (2)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.20 to $3.25, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
- [F2]The 8.00% Series A Cumulative Redeemable Preferred Stock is convertible into common stock at a non-fixed conversion rate in connection with a change of control as described in the issuer's Articles of Amendment to the Articles of Incorporation filed with the Securities and Exchange Commission as Exhibit 3.1 to the issuer's Form 8-K on June 25, 2013.