Ladenburg Thalmann Financial Services Inc's Executive Vice President just picked up 400,000 shares

Mark Zeitchick, Ladenburg Thalmann Financial Services Inc's Executive Vice President and a director of the company, recently acquired 400,000 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. Zeitchick now owns 4,153,593 shares of the company. Zeitchick 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. Zeitchick is then still an employee or director of the issuer, subject to earlier vesting upon h is death or disability or a change of control of the issuer. Includes the transfer of 168,612 shares previously held directly by the reporting person to the Mark D. Zeitchick 2016 Revocable Trust. The reporting person is the trustee of the above-listed trust. 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.

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