Adam Scott Malamed, Ladenburg Thalmann Financial Services Inc's Executive VP and COO and a director of the company, recently disposed of 46,877 shares of the company. The disposals took place at prices ranging from $3.01 to $3.12 per share, on dates ranging from January 12 to January 14, 2019. Malamed still owns 1,484,640 shares of the company. Malamed operates out of Miami, FL. Some additional info was provided as follows:
Represents shares withheld to cover tax withholding obligations in connection with the vesting of shares of restricted stock.
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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