Richard Lampen, CEO of Ladenburg Thalmann Financial Services Inc and a director of the company, recently acquired 5,000 shares of the company. The buys took place at $2.68 per share, on November 15, 2018. Lampen now owns 2,656,204 shares of the company. Lampen operates out of Miami, FL. Some additional info was provided as follows:
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.62 to $2.72, 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 purchased at each separate price within the range set forth in footnote (1) to thi
s Form 4.
The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
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.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Ladenburg Thalmann Financial Services Inc makes a similar move, sign up!
Other recent filings from the company include the following:
Ladenburg Thalmann Financial Services Inc's Senior Vice President just picked up 1,342 shares - July 2, 2019
Ladenburg Thalmann Financial Services Inc director just picked up 15,828 shares - June 19, 2019