4//SEC Filing
Heim Melissa 4
Accession 0001249155-17-000062
CIK 0001534708other
Filed
Sep 18, 8:00 PM ET
Accepted
Sep 19, 8:25 PM ET
Size
14.3 KB
Accession
0001249155-17-000062
Insider Transaction Report
Form 4
Heim Melissa
EVP Operations/Master Disiller
Transactions
- Award
Employee stock Option (right to buy)
2017-09-17+10,000→ 10,000 totalExercise: $3.78From: 2017-09-30Exp: 2027-09-17→ Common Stock (10,000 underlying) - Tax Payment
Common Stock
2017-09-17$3.78/sh−1,532$5,791→ 8,470 total - Exercise/Conversion
Restricted Stock Units
2017-09-17+5,000→ 5,000 totalFrom: 2017-09-17Exp: 2017-09-17→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2017-09-17+5,000→ 10,002 total
Footnotes (7)
- [F1]Represents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on September 17, 2017.
- [F2]Takes 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.
- [F3]The 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.
- [F4]Each 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.
- [F5]All 5,000 RSUs vested immediately upon grant.
- [F6]The RSUs and options were granted pursuant to the Issuer's 2016 Equity Incentive Plan.
- [F7]The 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.
Documents
Issuer
Eastside Distilling, Inc.
CIK 0001534708
Entity typeother
Related Parties
1- filerCIK 0001693285
Filing Metadata
- Form type
- 4
- Filed
- Sep 18, 8:00 PM ET
- Accepted
- Sep 19, 8:25 PM ET
- Size
- 14.3 KB