Ladenburg Thalmann Financial Services Inc's Executive VP and COO just picked up 15,000 shares

Adam Scott Malamed, Ladenburg Thalmann Financial Services Inc's Executive VP and COO and a director of the company, recently acquired 15,000 shares of the company. The buys took place at $3.47 per share, on April 15, 2019. Malamed now owns 1,512,541 shares of the company. Malamed 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 $3.455 to $3.500, 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 this Form 4. 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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