Geoffrey C. Gwin - Sep 30, 2020 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Chief Financial Officer
Signature
/s/ Geoffrey Gwin
Stock symbol
EAST
Transactions as of
Sep 30, 2020
Transactions value $
-$168,385
Form type
4
Date filed
9/17/2021, 05:03 PM
Next filing
Mar 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +32.9K +60.38% $0.00 87.4K Sep 30, 2020 Direct F1, F2
transaction EAST Common Stock Tax liability -$8.17K -7.17K -8.21% $1.14 80.2K Sep 30, 2020 Direct F3
transaction EAST Common Stock Options Exercise $0 +29.3K +36.53% $0.00 110K Dec 31, 2020 Direct F2, F4
transaction EAST Common Stock Tax liability -$8.34K -6.51K -5.95% $1.28 103K Dec 31, 2020 Direct F5
transaction EAST Common Stock Options Exercise $0 +10.1K +9.84% $0.00 113K Mar 31, 2021 Direct F2, F6
transaction EAST Common Stock Tax liability -$1.88K -1.01K -0.9% $1.85 112K Mar 31, 2021 Direct F7
holding EAST Common Stock 107K Sep 30, 2020 See footnote F8

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 Restricted Stock Units Options Exercise -$37.5K $113K Sep 30, 2020 Common Stock 32.9K $1.14 Direct F1, F2
transaction EAST Restricted Stock Units Options Exercise -$37.5K $75K Dec 31, 2020 Common Stock 29.3K $1.28 Direct F2, F4
transaction EAST Restricted Stock Units Options Exercise -$18.8K $56.3K Mar 31, 2021 Common Stock 10.1K $1.85 Direct F2, F6
transaction EAST Restricted Stock Units Disposed to Issuer -$56.3K $0 Mar 31, 2021 Common Stock $56.3K Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents settlement upon vesting of $37,500 of restricted stock units ("RSUs") on September 30, 2020 that were awarded on July 10, 2020. The shares issued upon settlement were issued on October 1, 2020.
F2 Awarded pursuant to the Issuer's 2016 Equity Incentive Plan.
F3 Represents the withholding by the Issuer of shares of common stock (from the $37,500 of RSUs that vested on September 30, 2020) to satisfy payment of the Reporting Person's tax withholding obligations.
F4 Represents settlement upon vesting of $37,500 of RSUs on December 31, 2020 that were awarded on July 10, 2020.
F5 Represents the withholding by the Issuer of shares of common stock (from the $37,500 of RSUs that vested on December 31, 2020) to satisfy payment of the Reporting Person's tax withholding obligations.
F6 Represents settlement upon vesting of $18,750 of RSUs on March 31, 2021 that were awarded on July 10, 2020. See footnote 9.
F7 Represents the withholding by the Issuer of shares of common stock (from the $37,500 of RSUs that vested on March 31, 2021) to satisfy payment of the Reporting Person's tax withholding obligations.
F8 These securities are held by Group G Investments, LP ("Group G Investments"), the general partner of which is Group G Capital Partners, LLC. The Reporting Person is the managing member and Chief Investment Officer of Group G Capital Partners, LLC and is also a limited partner of Group G Investments. By virtue of his roles with Group G Capital Partners, LLC, he may be deemed to be the indirect beneficial owner of Group G Investments' portfolio securities; however, he disclaims beneficial ownership of the reported. securities, except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act") or for any other purpose.
F9 Effective February 4, 2021, the Issuer and the Reporting Person entered into a First Amendment to Employment Agreement (the "First Amendment"), pursuant to which $56,250 of unvested RSUs were rescinded.