Mark Zeitchick, Ladenburg Thalmann Financial Services Inc's Executive Vice President 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. Zeitchick now owns 4,324,791 shares of the company. Zeitchick 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 is the trustee of the above-listed trust.
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 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.
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