Joseph Giovanniello, Ladenburg Thalmann Financial Services Inc's Senior Vice President, recently acquired 60,000 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on January 10, 2019. Giovanniello now owns 420,648 shares of the company. Giovanniello operates out of Miami, FL. Some additional info was provided as follows:
Restricted shares of common stock issued pursuant to the issuer's Amended and Restated 2009 Incentive Compensation Plan. Restricted shares vest in four equal annual installments commencing on the first anniversary of the date of grant provided Mr. Giovanniello is then still an employee of the issuer, subject to earlier vesting upon his death or disability.
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.
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