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Filing Details

Accession Number:: 0001249155-16-000068
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-07-12 19:44:27
Reporting Period:: 2016-06-10

Filing Date:: 2016-07-12
Accepted Time:: 2016-07-12 19:44:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1534708	Eastside Distilling Inc.	ESDI	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1265078	T Grover Wickersham	430 Cambridge Avenue, Suite 100 Palo Alto CA 94306		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-06-10	150,000	$0.05	5,843,099	No	4	P	Indirect	By Employees' Profit Sharing Plan
Common Stock	Acquisiton	2016-06-10	300,000	$0.05	300,000	No	4	P	Indirect	By Irrevocable Trust
Common Stock	Acquisiton	2016-06-13	43,000	$0.05	343,000	No	4	P	Indirect	By Irrevocable Trust
Common Stock	Acquisiton	2016-06-14	95,000	$0.05	438,000	No	4	P	Indirect	By Irrevocable Trust
Common Stock	Acquisiton	2016-06-22	4,000,000	$0.05	4,438,000	No	4	P	Indirect	By Irrevocable Trust
Common Stock	Acquisiton	2016-06-22	2,000,000	$0.05	2,195,088	No	4	P	Direct
Common Stock	Acquisiton	2016-06-29	50,000	$0.10	50,000	No	4	P	Indirect	By Charitable Remainder Trust
Common Stock	Acquisiton	2016-06-30	60,000	$0.10	110,000	No	4	P	Indirect	By Charitable Remainder Trust
Common Stock	Acquisiton	2016-07-01	79,067	$0.11	189,067	No	4	P	Indirect	By Charitable Remainder Trust
Common Stock	Acquisiton	2016-07-05	129,416	$0.10	318,483	No	4	P	Indirect	By Charitable Remainder Trust
Common Stock	Acquisiton	2016-07-06	54,845	$0.10	373,328	No	4	P	Indirect	By Charitable Remainder Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Employees' Profit Sharing Plan
No	4	P	Indirect	By Irrevocable Trust
No	4	P	Indirect	By Irrevocable Trust
No	4	P	Indirect	By Irrevocable Trust
No	4	P	Indirect	By Irrevocable Trust
No	4	P	Direct
No	4	P	Indirect	By Charitable Remainder Trust
No	4	P	Indirect	By Charitable Remainder Trust
No	4	P	Indirect	By Charitable Remainder Trust
No	4	P	Indirect	By Charitable Remainder Trust
No	4	P	Indirect	By Charitable Remainder Trust

Reported Derivative Transactions

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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	4,000,000	$0.00	4,000,000	$0.10
Common Stock	Common Stock Purchase Warrants (right to buy)	Acquisiton	2016-06-22	2,000,000	$0.00	2,000,000	$0.10
Common Stock	Common Stock Purchase Warrants (right to buy)	Acquisiton	2016-06-30	500,000	$0.00	500,000	$0.10
Common Stock	Common Stock Purchase Warrants (right to buy)	Acquisiton	2016-06-30	500,000	$0.00	500,000	$0.10
Common Stock	Common Stock Purchase Warrants (right to buy)	Acquisiton	2016-07-11	1,200,000	$0.00	1,200,000	$0.10

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
4,000,000	2016-06-22	2019-06-22	No	4	P	Indirect
2,000,000	2016-06-22	2019-06-22	No	4	P	Direct
500,000	2016-06-30	2019-06-30	No	4	P	Indirect
500,000	2016-06-30	2019-06-30	No	4	P	Indirect
1,200,000	2016-07-11	2019-07-11	No	4	P	Indirect

Footnotes

This transaction was executed in multiple trades at prices ranging from $0.05 to $0.52.
The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
The reporting person is the trustee of the Grover T. Wickersham P.C. Employees' Profit Sharing Plan (the "PSP"), which is the owner of the reported securities. The reporting person disclaims beneficial ownership of the securities owned by the PSP, except to the extent of his pecuniary interest therein. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
This transaction was executed in multiple trades at prices ranging from $0.05 to $0.052.
The reporting person is the trustee of the Lindsay Anne Wickersham 1999 Irrevocable Trust (the "Irrevocable Trust"), which is the owner of the reported securities. The reporting person disclaims beneficial ownership of the securities owned by the Irrevocable Trust. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purposes.
This transaction was executed in multiple trades, all of which were executed at $0.05.
This transaction was executed in multiple trades at prices ranging from $0.0501 to $0.054.
The common stock reflected on Table I and warrants reflected on Table II were purchased in a private placement 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.
This transaction was executed in multiple trades at prices ranging from $0.10 to $0.114.
The reporting person is a joint trustee and beneficiary of the Grover T. and Jill Z. Wickersham 2000 Charitable Remainder Trust (the "CRUT"), which is the owner of the reported securities. The reporting person disclaims beneficial ownership of the securities owned by the CRUT, except to the extent of his pecuniary interest therein. The inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
This transaction was executed in multiple trades at prices ranging from $0.10 to $0.11.
This transaction was executed in multiple trades at prices ranging from $0.10 to $0.109.
This transaction was executed in multiple trades at prices ranging from $0.10 to $0.105.
This transaction was executed in multiple trades at prices ranging from $0.095 to $0.102.
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% of the Issuer's outstanding shares. The blocker may only be amended by written consent of both the Issuer and the holder. Once the holder's beneficial ownership percentage, calculated in accordance with Rule 13d-3(i), reaches 9.99%, the warrants will not be exercisable until such time as the holder's beneficial ownership percentage falls to 9.99% or below.
The warrants were issued for no additional consideration in connection with the purchase of non-convertible promissory notes.