Peterson Jack N 4
4 · Eastside Distilling, Inc. · Filed Apr 7, 2020
Insider Transaction Report
Form 4
Peterson Jack N
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-04-06−33,181→ 0 totalFrom: 2020-04-06Exp: 2020-04-06→ Common Stock (33,181 underlying) - Exercise/Conversion
Common Stock
2020-04-06+33,181→ 63,564 total - Award
Restricted Stock Units
2020-04-06+33,181→ 33,181 totalFrom: 2020-04-06Exp: 2020-04-06→ Common Stock (33,181 underlying)
Holdings
- 45,359(indirect: By Sandstrom Partners, Inc.)
Common Stock
Footnotes (5)
- [F1]Represents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on April 6, 2020.
- [F2]Of the total RSUs awarded to the Reporting Person, 9,545 RSUs were awarded to him as directors' compensation and 23,636 RSUs were awarded in his capacity as a consultant to the Issuer.
- [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 RSU is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of EAST on April 6, 2020 was $1.10.
- [F5]All 33,181 RSUs vested immediately upon grant.