4//SEC Filing
WICKERSHAM GROVER T. 4
Accession 0001249155-18-000046
CIK 0001534708other
Filed
Aug 12, 8:00 PM ET
Accepted
Aug 13, 4:57 PM ET
Size
25.5 KB
Accession
0001249155-18-000046
Insider Transaction Report
Form 4
WICKERSHAM GROVER T
DirectorChairman and CEO10% Owner
Transactions
- Exercise of In-Money
Common Stock
2018-08-09$5.40/sh+22,222$119,999→ 200,752 total(indirect: By Employees' Profit Sharing Plan) - Exercise of In-Money
Common Stock
2018-08-09$5.40/sh+11,111$59,999→ 95,856 total(indirect: By Trust) - Exercise of In-Money
Common Stock Purchase Warrants (right to buy)
2018-08-09−22,222→ 0 total(indirect: By Employees' Profit Sharing Plan)Exercise: $5.40From: 2017-08-10Exp: 2022-08-10→ Common Stock (22,222 underlying) - Exercise of In-Money
Common Stock Purchase Warrants (right to buy)
2018-08-09−37,975→ 0 total(indirect: By Employees' Profit Sharing Plan)Exercise: $5.40From: 2018-03-29Exp: 2022-08-10→ Common Stock (37,975 underlying) - Exercise of In-Money
Common Stock
2018-08-09$5.40/sh+22,222$119,999→ 138,537 total - Exercise of In-Money
Common Stock
2018-08-09$5.40/sh+17,930$96,822→ 60,370 total(indirect: By Trust) - Exercise of In-Money
Common Stock
2018-08-09$5.40/sh+37,975$205,065→ 238,727 total(indirect: By Employees' Profit Sharing Plan) - Exercise of In-Money
Common Stock Purchase Warrants (right to buy)
2018-08-09−22,222→ 0 totalExercise: $5.40From: 2017-08-10Exp: 2022-08-10→ Common Stock (22,222 underlying) - Exercise of In-Money
Common Stock Purchase Warrants (right to buy)
2018-08-09−17,930→ 0 total(indirect: By Trust)Exercise: $5.40From: 2018-03-29Exp: 2022-08-10→ Common Stock (17,930 underlying) - Exercise of In-Money
Common Stock Purchase Warrants (right to buy)
2018-08-09−11,111→ 0 total(indirect: By Trust)Exercise: $5.40From: 2017-08-10Exp: 2022-08-10→ Common Stock (11,111 underlying)
Footnotes (7)
- [F1]The warrant exercise price was paid by a reduction in the amount of promissory note indebtedness under notes owned by the warrant holder, such reduction equal to the number of warrants exercised multiplied by the $5.40 exercise price.
- [F2]The reporting person is a joint trustee and beneficiary of the Grover T. and Jill Z. Wickersham 2000 Charitable Remainder Trust (the "CRUT"), which is the owner of the reported securities. The reporting person disclaims beneficial ownership of the securities owned by the CRUT, except to the extent of his pecuniary interest therein. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F3]The reporting person is the trustee of the Grover T. Wickersham P.C. Employees' Profit Sharing Plan (the "PSP"), which is the owner of the reported securities. The reporting person disclaims beneficial ownership of the securities owned by the PSP, except to the extent of his pecuniary interest in the PSP. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F4]The reporting person is the trustee of the Lindsay Anne Wickersham 1999 Irrevocable Trust (the "Irrevocable Trust"), which is the owner of the reported securities. The reporting person disclaims beneficial ownership of the securities owned by the Irrevocable Trust. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F5]Takes into account the correction of a typographical error in the Form 4 filed on August 10, 2017. The total after transaction holdings on August 10, 2017 should have been 84,745 shares. All subsequent Form 4s have carried forward this typographical error, until corrected on this Form 4.
- [F6]The warrants were issued as a component of units sold in the issuer's public offering, each unit consisting of one share of common stock and one common stock purchase warrant, at a per unit price of $4.50.
- [F7]The warrants were issued in connection with an offering of 5% promissory notes due May 1, 2021. For each $100,000 in principal amount of the note, the investor was issued 10,000 warrants.
Documents
Issuer
Eastside Distilling, Inc.
CIK 0001534708
Entity typeother
Related Parties
1- filerCIK 0001265078
Filing Metadata
- Form type
- 4
- Filed
- Aug 12, 8:00 PM ET
- Accepted
- Aug 13, 4:57 PM ET
- Size
- 25.5 KB