Filing Details

Accession Number:
0001249155-17-000052
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-07-21 19:27:47
Reporting Period:
2017-06-30
Filing Date:
2017-07-21
Accepted Time:
2017-07-21 19:27:47
SEC Url:
Form 4 Filing
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 2017-07-18 2,100 $5.94 465,387 No 4 P Direct
Common Stock Acquisiton 2017-07-21 800 $6.09 466,187 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock 5% Convertible Note Due 2020 Acquisiton 2017-06-30 400,000 $400,000.00 66,667 $6.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2017-06-30 2020-06-30 No 4 P Direct
Footnotes
  1. Reflects the total shares beneficially owned, taking into account the three-for-one reverse stock split effected on June 15, 2017.
  2. This transaction was executed in multiple trades at prices ranging from $5.9667 to $6.25. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request of the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price for all transactions reported on this Form 4.
  3. The note is convertible at any time at the option of the holder at $6.00 per share, subject to adjustment for future stock splits, reverse splits and similar recapitalizations events, and subject to the blocker attached thereto, which prohibits the voluntary conversion if, by virtue of the conversion, the holder and its affiliates would collectively own more than 19.95% of the Issuer's then outstanding shares. The note will automatically convert in the event the Issuer consummates an equity financing of at least $4.0 million at a per share price of at least $7.50.