Davis Glenn C 4
4 · LADENBURG THALMANN FINANCIAL SERVICES INC. · Filed Feb 14, 2020
Insider Transaction Report
Form 4
Davis Glenn C
Director
Transactions
- Disposition to Issuer
Common Stock
2020-02-14$3.50/sh−65,000$227,500→ 0 total - Disposition to Issuer
Common Stock
2020-02-14$3.50/sh−4,000$14,000→ 0 total(indirect: By Spouse)
Footnotes (4)
- [F1]Includes restricted shares of common stock issued pursuant to the issuer's Amended and Restated 2009 Incentive Compensation Plan.
- [F2]Disposed of in connection with the Agreement and Plan of Merger dated as of November 11, 2019, pursuant to which Ladenburg Thalmann Financial Services Inc. ("Ladenburg") would merge with a subsidiary of Advisor Group Holdings, Inc. (the "Merger"). Pursuant to the Merger, each issued and outstanding share of Ladenburg common stock was converted into the right to receive cash in the amount of $3.50 per share (the "Per Share Merger Consideration") and each restricted share of common stock became vested at the effective time of the Merger and was converted into the right to receive an amount of cash equal to the product of (i) the number of restricted shares of common stock and (ii) the Per Share Merger Consideration. As a result of the Merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of Ladenburg common stock. Figure above does not include any deduction for taxes.
- [F3]Disposed of in connection with the Merger.
- [F4]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.