Filing Details
- Accession Number:
- 0001209191-18-064190
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-12-27 16:32:20
- Reporting Period:
- 2018-12-24
- Accepted Time:
- 2018-12-27 16:32:20
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1029730 | Ladenburg Thalmann Financial Services Inc. | LTS | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 898860 | Al Et Md Phillip Frost | 4400 Biscayne Boulevard Miami FL 33137 | No | No | No | Yes | |
| 1464124 | Trust Investments Nevada Frost | 4400 Biscayne Boulevard Miami FL 33137 | No | No | No | Yes |
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 | Disposition | 2018-12-24 | 12,000,000 | $0.00 | 816,199 | No | 5 | G | Indirect | Frost Gamma Investments Trust |
| Common Stock | Disposition | 2018-12-24 | 3,095,000 | $2.50 | 0 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-12-24 | 47,805,000 | $2.50 | 6,208,431 | No | 4 | S | Indirect | Frost Nevada Investments Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 5 | G | Indirect | Frost Gamma Investments Trust |
| No | 4 | S | Direct | |
| No | 4 | S | Indirect | Frost Nevada Investments Trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 20,000 | $0.00 | 20,000 | $0.73 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 1,000,000 | $0.00 | 1,000,000 | $0.90 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 20,000 | $0.00 | 20,000 | $1.11 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 600,000 | $0.00 | 600,000 | $1.28 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 20,000 | $0.00 | 20,000 | $1.79 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 750,000 | $0.00 | 750,000 | $2.80 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 50,000 | $0.00 | 50,000 | $1.32 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 300,000 | $0.00 | 300,000 | $1.40 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 50,000 | $0.00 | 50,000 | $1.46 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 400,000 | $0.00 | 400,000 | $3.25 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 50,000 | $0.00 | 50,000 | $3.01 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 150,000 | $0.00 | 150,000 | $4.25 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 50,000 | $0.00 | 50,000 | $3.38 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 100,000 | $0.00 | 100,000 | $2.65 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-12-24 | 50,000 | $0.00 | 50,000 | $2.40 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2010-08-27 | 2019-08-27 | No | 4 | H | Direct |
| 0 | 2019-09-20 | No | 4 | H | Direct | |
| 0 | 2011-09-24 | 2020-09-24 | No | 4 | H | Direct |
| 0 | 2019-09-20 | No | 4 | H | Direct | |
| 0 | 2012-11-10 | 2021-11-10 | No | 4 | H | Direct |
| 0 | 2019-09-20 | No | 4 | H | Direct | |
| 0 | 2013-09-28 | 2022-09-28 | No | 4 | H | Direct |
| 0 | 2019-09-20 | No | 4 | H | Direct | |
| 0 | 2014-05-09 | 2023-05-09 | No | 4 | H | Direct |
| 0 | 2019-09-20 | No | 4 | H | Direct | |
| 0 | 2015-06-25 | 2024-06-25 | No | 4 | H | Direct |
| 0 | 2019-09-20 | No | 4 | H | Direct | |
| 0 | 2016-05-18 | 2025-05-18 | No | 4 | H | Direct |
| 0 | 2019-09-20 | No | 4 | H | Direct | |
| 0 | 2017-05-18 | 2026-05-18 | No | 4 | H | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| 8.00% Series A Cumulative Redeemable Preferred Stock | 910,000 | Indirect | Frost Nevada Investments Trust |
Footnotes
- These securities are held by Frost Gamma Investments Trust, of which the Reporting Person is the trustee and Frost Gamma, L.P. is the sole and exclusive beneficiary. The Reporting Person is one of two limited partners of Frost Gamma, L.P. The general partner of Frost Gamma, L.P. is Frost Gamma, Inc., and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada Corporation. The Reporting Person is also the sole shareholder of Frost-Nevada Corporation.
- The shares of common stock were repurchased by the issuer in a private transaction.
- These securities are held by Frost Nevada Investments Trust, of which the Reporting Person is the trustee and Frost-Nevada, L.P. is the sole and exclusive beneficiary. The Reporting Person is one of five limited partners of Frost-Nevada, L.P. and the sole shareholder of Frost-Nevada Corporation, the sole general partner of Frost-Nevada, L.P.
- The 8.00% Series A Cumulative Redeemable Preferred Stock is convertible into common stock at a non-fixed conversion rate in connection with a change of control as described in the issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 24, 2013.
- Dr. Frost received $3 million in the aggregate from the issuer in connection with the cancellation of the 3,610,000 stock options set forth in Table II to this Form 4.
- The options were granted on January 14, 2010 and vested in four equal annual installments beginning on January 14, 2011.
- The options were granted on March 2, 2011 and vested in four equal annual installments beginning on March 2, 2012.
- The options were granted on January 31, 2012 and vested in four equal annual installments beginning on January 31, 2013.
- The options were granted on January 28, 2013 and vested in four equal annual installments beginning on January 28, 2014.
- The options were granted on January 17, 2014 and vested in four equal annual installments beginning on January 17, 2015.
- The options were granted on January 20, 2015 and vested in three equal annual installments beginning on January 20, 2016. 50,000 shares of the original option grant did not vest and were forfeited upon Dr. Frost's resignation from the board of directors.
- The options were granted on January 14, 2016 and vested in two equal annual installments beginning on January 14, 2017. 100,000 shares of the original option grant did not vest and were forfeited upon Dr. Frost's resignation from the board of directors.
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