4//SEC Filing
Simkin Jacqueline M 4
Accession 0001493152-20-002480
CIK 0001029730other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 3:26 PM ET
Size
28.2 KB
Accession
0001493152-20-002480
Insider Transaction Report
Form 4
Simkin Jacqueline M
Director
Transactions
- Sale
8.00% Series A Cumulative Redeemable Preferred Stock
2020-02-12$25.08/sh−8,000$200,664→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2020-02-14$3.50/sh−45,000$157,500→ 0 total - Disposition to Issuer
Common Stock
2020-02-14$3.50/sh−1,859,738$6,509,083→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2020-02-14$3.50/sh−158,000$553,000→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Option (Right to Buy)
2020-02-14$1.77/sh−20,000$35,400→ 0 totalExercise: $1.73From: 2012-09-19Exp: 2021-09-19→ Common Stock (20,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-02-14$1.71/sh−20,000$34,200→ 0 totalExercise: $1.79From: 2012-11-10Exp: 2021-11-10→ Common Stock (20,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-02-14$2.18/sh−50,000$109,000→ 0 totalExercise: $1.32From: 2013-09-28Exp: 2022-09-28→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-02-14$2.04/sh−50,000$102,000→ 0 totalExercise: $1.46From: 2014-05-09Exp: 2023-05-09→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-02-14$0.49/sh−50,000$24,500→ 0 totalExercise: $3.01From: 2015-06-25Exp: 2024-06-25→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-02-14$0.12/sh−50,000$6,000→ 0 totalExercise: $3.38From: 2016-05-18Exp: 2025-05-18→ Common Stock (50,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2020-02-14$1.10/sh−50,000$55,000→ 0 totalExercise: $2.40From: 2017-05-18Exp: 2026-05-18→ Common Stock (50,000 underlying)
Footnotes (8)
- [F1]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 Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 24, 2013.
- [F2]The reporting person is the trustee of the above-listed trust.
- [F3]Reflects restricted shares of common stock issued pursuant to the issuer's Amended and Restated 2009 Incentive Compensation Plan. Includes the transfer of 30,000 shares previously held directly by the reporting person to The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03.
- [F4]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.
- [F5]Includes the transfer of 30,000 shares previously held directly by the reporting person to The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03.
- [F6]Disposed of in connection with the Merger.
- [F7]The reporting person is a co-trustee of the above-listed trust and disclaims beneficial ownership except to the extent of her pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
- [F8]This option was cancelled in the Merger and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of common stock subject to such option and (ii) the excess, if any, of the Per Share Merger Consideration over the exercise price per share of the option. Figure above does not include any deduction for taxes.
Documents
Issuer
LADENBURG THALMANN FINANCIAL SERVICES INC.
CIK 0001029730
Entity typeother
Related Parties
1- filerCIK 0001446157
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 3:26 PM ET
- Size
- 28.2 KB