Peterson Jack N 4

4 · Eastside Distilling, Inc. · Filed Jul 2, 2019

Form 4

Period: 2019-06-30

Director

Transactions

Exercise/Conversion
Restricted Stock Units
2019-07-01
From: 2019-07-01Exp: 2019-07-01→ Common Stock
Exercise/Conversion
Restricted Stock Units
2019-06-30
From: 2019-06-30Exp: 2019-09-30→ Common Stock
Exercise/Conversion
Common Stock
2019-06-30+1,112→ 12,183 total
Exercise/Conversion
Common Stock
2019-07-01+4,396→ 16,579 total
Award
Restricted Stock Units
2019-07-01
From: 2019-07-01Exp: 2019-07-01→ Common Stock

Holdings

Footnotes (6)

[F1]The closing price of Eastside Distilling, Inc. common stock (EAST) on June 28, 2019 (the last trading day before the June 30, 2019 vesting date) was $4.50. The number of shares issued was based on that closing price.
[F2]The closing price of EAST on July 1, 2019 was $4.55. The number of shares issued was based on that closing price.
[F3]The Reporting Person is the president, a director and a principal shareholder of Sandstrom Partners, Inc. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
[F4]Each restricted stock unit ("RSU") is the economic equivalent of one share of Eastside Distilling, Inc. common stock.
[F5]On October 15, 2018, the Reporting Person was awarded $20,000 of RSUs, which vest in four quarterly installments that began on December 31, 2018 and continue thereafter on the last day of each quarter through and including September 30, 2019.
[F6]On July 1, 2019, the Reporting Person was awarded $20,000 of RSUs, all of which vested immediately.

Documents

1 file