Saul Gilinski, a director of Ladenburg Thalmann Financial Services Inc, recently disposed of 50,000 shares of the company. The disposals took place at $3.23 per share, on August 17, 2018. Gilinski still owns 1,562,007 shares of the company. Gilinski operates out of Pompano Beach, FL. Some additional info was provided as follows:
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.20 to $3.25, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
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 Articles of Amendment to the Articles of Incorporation filed with the Securities and Exchange Commission as Exhibit 3.1 to the issuer's Form 8-K on June 25, 2013.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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