Home > Insider Trading > Filing (0001249155-16-000066)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1534708	Eastside Distilling Inc.	ESDI	()	NV

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1160520	Glenbrook Capital Lp	430 Cambridge Avenue Suite 100 Palo Alto CA 94306		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-06-22	4,200,000	$0.05	12,499,712	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock Purchase Warrants (right to buy)	Acquisiton	2016-06-22	4,200,000	$0.00	4,200,000	$0.10

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,200,000		2019-06-22	No	4	P	Direct

Footnotes

The common stock reflected on Table I and warrants reflected on Table II were purchased in a private placement as components of units, each unit consisting of one share of common stock and one common stock purchase warrant. The purchase price of the unit was $0.05, which purchase price was not specifically allocated between the common stock and warrants.
Corrected number of shares of common stock owned by the reporting person after giving effect to the reported transaction.
The original Form 4 mistakenly reported that 4,200,000 warrants are currently exercisable by the reporting person. This information was in error because the warrants contain a blocker that prohibits the holder from exercising the warrants if such exercise will result in beneficial ownership by the holder of more than 9.99%. The blocker may only be amended by written consent of both the Issuer and the holder. Because on June 22, 2016 the reporting person owned 12,499,712 shares of common stock, representing more than 9.99% of the Issuer's outstanding shares, the warrants are not exercisable until such time as the reporting person's beneficial ownership percentage falls to 9.99% or below.