Peterson Jack N 4
4 · Eastside Distilling, Inc. · Filed Jul 21, 2020
Insider Transaction Report
Form 4
Peterson Jack N
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-07-18−6,356→ 0 totalFrom: 2020-07-18Exp: 2020-07-18→ Common Stock (6,356 underlying) - Exercise/Conversion
Common Stock
2020-07-18+6,356→ 69,920 total - Award
Restricted Stock Units
2020-07-18+6,356→ 6,356 totalFrom: 2020-07-18Exp: 2020-07-18→ Common Stock (6,356 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 July 18, 2020.
- [F2]Awarded pursuant to the Issuer's 2016 Equity Incentive Plan.
- [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 July 17, 2020, the last trading date prior to the award date, which fell on a weekend, was $1.18.
- [F5]All 6,356 RSUs vested immediately upon grant.