Jacqueline M Simkin, a director of Ladenburg Thalmann Financial Services Inc, recently disposed of 8,730 shares of the company. The disposals took place at $0.00 per share, on April 17, 2019. Simkin still owns 2,040,738 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Simkin operates out of Miami, FL. Some additional info was provided as follows:
Transfer of shares as a charitable donation.
Includes the transfer of 15,000 shares previously held directly by the reporting person to The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03.
The reporting person is the trustee of the above-listed trust.
The reporting person is a co-trustee of the above-listed trust and disclaims beneficial
ownership except to the extent of her pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
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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