Elizabeth A. Levy-Navarro - 22 Mar 2021 Form 4 Insider Report for Eastside Distilling, Inc. (BLNE)

Role
Director
Signature
/s/ Elizabeth A. Levy-Navarro
Issuer symbol
BLNE
Transactions as of
22 Mar 2021
Net transactions value
-$2,763
Form type
4
Filing time
14 Sep 2021, 10:41:50 UTC
Next filing
17 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +8,722 $0.000000 8,722 11 May 2021 Direct F1
transaction EAST Common Stock Sale $19,363 -8,722 -100% $2.22 0 27 May 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EAST Stock Option (right to buy) Award $0 +5,000 $0.000000 5,000 22 Mar 2021 Common Stock 5,000 $1.90 Direct F2, F3
transaction EAST Restricted Stock Units Award $16,600 $16,600 22 Mar 2021 Common Stock $16,600 Direct F3, F4, F5
transaction EAST Restricted Stock Units Award $0 +8,722 $0.000000 8,722 11 May 2021 Common Stock 8,722 Direct F3, F4, F6
transaction EAST Restricted Stock Units Options Exercise $0 -8,722 -100% $0.000000* 0 11 May 2021 Common Stock 8,722 Direct F3, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Repesents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on March 22, 2021.
F2 The options are immediately exercisable.
F3 Granted under the Issuer's 2016 Equity Incentive Plan.
F4 Each RSU represents the right to receive shares of common stock upon settlement for no consideration.
F5 On March 22, 2021, the Issuer's Board of Directors awarded the reporting person $16,600 in value of RSUs, 1/4 of which will be earned and vested on each of June 30, 2021, September 30, 2021, December 31, 2021, and March 31, 2022, if the reporting person remains employed on the applicable quarterly vesting date. Although the last installment of this RSU has vested, the Issuer has not yet issued the shares of common stock underlying this RSU.
F6 All 8,722 RSUs vested immediately upon grant.