Adam Scott Malamed, Ladenburg Thalmann Financial Services Inc's Executive VP and COO and a director of the company, recently disposed of 12,099 shares of the company. The disposals took place at $3.10 per share, on January 20, 2019. Malamed still owns 1,472,541 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.
To receive a free e-mail notification whenever Ladenburg Thalmann Financial Services Inc makes a similar move, sign up!