Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | DOUG | Common Stock | Other | $0 | +1.47M | $0.00 | 1.47M | Dec 29, 2021 | Direct | F1, F2 | |
transaction | DOUG | Common Stock | Award | $0 | +1.25M | +84.92% | $0.00 | 2.72M | Dec 31, 2021 | Direct | F3 |
transaction | DOUG | Common Stock | Other | $0 | +1.31M | $0.00 | 1.31M | Dec 29, 2021 | By: Lorber Alpha II Limited Partnership | F4 |
Id | Content |
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F1 | Represents 1,471,925 shares of Issuer Common Stock acquired by the Reporting Person in a pro rata distribution by Vector Group Ltd. ("Vector") to holders of its common stock (including Vector common stock underlying outstanding stock option awards and restricted stock awards), which occurred on December 29, 2021 in a transaction exempt under Rules 16a-9 and 16b-3 of the Securities Exchange Act of 1934, as amended (the "Distribution"), comprised of (x) 642,386 shares of Common Stock acquired in respect of shares of Vector common stock held outright and (y) 829,539 shares of Common Stock acquired in respect of Vector common stock underlying outstanding stock option awards and restricted stock awards. |
F2 | (Continued from Footnote 1) The Reporting Person's tax obligations arising from the portion of the Distribution made in respect of Vector common stock underlying stock option awards and restricted stock awards were satisfied by reducing the number of shares of Issuer Common Stock that would otherwise have been distributed to the Reporting Person by 758,733 shares, which shares were not issued in connection with the Distribution. |
F3 | Following the Distribution on December 31, 2021, the Issuer granted the Reporting Person a restricted stock award of 1,250,000 shares of Issuer Common Stock pursuant to Issuer's 2021 Management Incentive Plan. The award will vest in four equal annual installments commencing on December 15, 2022, subject to the Reporting Person's continued employment through each such vesting date or earlier vesting upon the Reporting Person's death or disability, termination of employment without cause or resignation for good reason and change-of-control. |
F4 | Represents shares acquired by Lorber Alpha II Limited Partnership in the Distribution. Lorber Alpha II LLC, a Delaware limited liability company, is the general partner of Lorber Alpha II Limited Partnership, a Nevada limited partnership. The Reporting Person serves as the Managing Member of the Lorber Alpha II LLC and has voting and dispositive power with respect to such shares. |