Richard Lampen, CEO of Ladenburg Thalmann Financial Services Inc and a director of the company, recently acquired 266,245 shares of the company. The buys took place at prices ranging from $0.90 to $3.39 per share, on May 17, 2019. Lampen now owns 3,362,449 shares of the company. Lampen operates out of Miami, FL. Some additional info was provided as follows:
Represents shares withheld to cover the exercise price of the options exercised and tax withholding obligations.
The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
The 8.00% Series A Cumulative Redeemable Preferred Stock is c
onvertible 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 option vested in four equal annual installments commencing on January 14, 2011.
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!
Other recent filings from the company include the following:
Ladenburg Thalmann Financial Services Inc's Senior Vice President just picked up 1,342 shares - July 2, 2019
Ladenburg Thalmann Financial Services Inc director just picked up 15,828 shares - June 19, 2019