4//SEC Filing
Block Paul 4
Accession 0001493152-21-012493
CIK 0001534708other
Filed
May 20, 8:00 PM ET
Accepted
May 21, 3:22 PM ET
Size
25.7 KB
Accession
0001493152-21-012493
Insider Transaction Report
Form 4
Block Paul
DirectorChairman of the Board
Transactions
- Tax Payment
Common Stock
2020-09-18$1.35/sh−11,956$16,141→ 152,954 total - Tax Payment
Common Stock
2020-11-27$1.78/sh−10,726$19,092→ 130,272 total - Tax Payment
Common Stock
2020-12-24$1.36/sh−10,726$14,587→ 119,546 total - Purchase
Common Stock
2021-05-19$1.79/sh+20,000$35,800→ 163,909 total - Exercise/Conversion
Restricted Stock Units
2021-03-31Exercise: $1.83From: 2021-03-31Exp: 2021-06-30→ Common Stock (27,320 underlying) - Exercise/Conversion
Common Stock
2021-03-31+27,320→ 148,866 total - Exercise/Conversion
Common Stock
2021-03-31+9,107→ 155,973 total - Tax Payment
Common Stock
2021-03-31$1.83/sh−12,064$22,077→ 143,909 total - Award
Restricted Stock Units
2021-01-19From: 2021-03-31Exp: 2023-12-31→ Common Stock - Exercise/Conversion
Restricted Stock Units
2021-03-31Exercise: $1.83From: 2021-03-31Exp: 2023-12-31→ Common Stock (9,107 underlying) - Tax Payment
Common Stock
2020-10-30$1.30/sh−11,956$15,543→ 140,998 total
Footnotes (10)
- [F1]Pursuant to that certain Executive Employment Agreement between Eastside Distilling, Inc. (the "Issuer") and Paul R. Block, which was executed on July 7, 2020 (the "Employment Agreement"), Mr. Block is entitled to receive 31,250 shares of common stock each month beginning July 2020 and continuing through December 2020, which shares will be issued under the Issuer's 2016 Equity Incentive Plan (the "Plan"). The reporting person is reporting the withholding by the Issuer of an aggregate of 11,956 shares of common stock (from the 31,250 shares of common stock that vested on September 18, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations.
- [F10]Pursuant to the Employment Agreement, on July 7, 2020, the Compensation Committee of the Issuer's Board of Directors awarded the reporting person $100,000 in value of RSUs, (1/2) of which will be earned and vested on each of March 31, 2021 and June 30, 2021, if the reporting person remains employed on the applicable quarterly vesting date.
- [F2]The reporting person is reporting the withholding by the Issuer of an aggregate of 11,956 shares of common stock (from the 31,250 shares of common stock that vested on October 30, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations.
- [F3]The reporting person is reporting the withholding by the Issuer of an aggregate of 10,726 shares of common stock (from the 31,250 shares of common stock that vested on November 27, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. These shares were not actually issued and withheld until January 11, 2021.
- [F4]The reporting person is reporting the withholding by the Issuer of an aggregate of 10,726 shares of common stock (from the 31,250 shares of common stock that vested on December 24, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. These shares were not actually issued and withheld until January 11, 2021.
- [F5]Represents settlement upon vesting of restricted stock units ("RSUs") that were awarded on July 10, 2020. These shares were not actually issued until March 31, 2021.
- [F6]Awarded pursuant to the Plan. Each RSU represents the right to receive shares of common stock upon settlement for no consideration.
- [F7]Represents settlement upon vesting of restricted stock units ("RSUs") that were awarded on January 19, 2021. These shares were not actually issued until March 31, 2021.
- [F8]The reporting person is reporting the withholding by the Issuer an aggregate of 12,064 shares of common stock that vested on March 31, 2021 but that were not issued in order to satisfy the reporting person's tax withholding obligations in connection with the delivery of common stock to the reporting person upon vesting of RSUs. These shares were not actually issued and withheld until March 31, 2021.
- [F9]Pursuant to the Employment Agreement, on January 19, 2021, the Compensation Committee of the Issuer's Board of Directors awarded the reporting person $200,000 in value of RSUs, (1/12) of which will be earned and vested on each of March 31, June 30, September 30 and December 31, beginning March 31, 2021 and ending December 31, 2023, if the reporting person remains employed on the applicable quarterly vesting date.
Documents
Issuer
Eastside Distilling, Inc.
CIK 0001534708
Entity typeother
Related Parties
1- filerCIK 0001373737
Filing Metadata
- Form type
- 4
- Filed
- May 20, 8:00 PM ET
- Accepted
- May 21, 3:22 PM ET
- Size
- 25.7 KB