Jacqueline M Simkin, a director of Ladenburg Thalmann Financial Services Inc, recently acquired 30,000 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on June 13, 2019. Simkin now owns 2,070,738 shares of the company. Simkin operates out of Miami, FL. Some additional info was provided as follows:
Restricted shares of common stock issued pursuant to the issuer's Amended and Restated 2009 Incentive Compensation Plan. Restricted shares vest in two equal annual installments commencing on the first anniversary of the date of grant provided Ms. Simkin is then still a director of the issuer, subject to earlier vesting upon her death or disability or a change of control of the issuer.
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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