GWIN GEOFFREY C 4
4 · Eastside Distilling, Inc. · Filed Jul 21, 2020
Insider Transaction Report
Form 4
GWIN GEOFFREY C
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-07-18−28,814→ 0 totalFrom: 2020-07-18Exp: 2020-07-18→ Common Stock (28,814 underlying) - Award
Restricted Stock Units
2020-07-18+28,814→ 28,814 totalFrom: 2020-07-18Exp: 2020-07-18→ Common Stock (28,814 underlying) - Exercise/Conversion
Common Stock
2020-07-18+28,814→ 56,652 total
Holdings
- 107,196(indirect: See footnote)
Common Stock
Footnotes (5)
- [F1]Represents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on July 18, 2020.
- [F2]Awarded under the Issuer's 2016 Equity Incentive Plan.
- [F3]These securities are held by Group G Investments, LP ("Group G Investments"), the general partner of which is Group G Capital Partners, LLC. The Reporting Person is the managing member and Chief Investment Officer of Group G Capital Partners, LLC and is also a limited partner of Group G Investments. By virtue of his roles with Group G Capital Partners, LLC, he may be deemed to be the indirect beneficial owner of Group G Investments' portfolio securities; however, he disclaims beneficial ownership of the reported. securities, except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act") 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 July 17, 2020, the last trading date prior to the award date, which fell on a weekend, was $1.18.
- [F5]All 28,814 RSUs vested immediately upon grant.