Robert Grammen - Sep 15, 2021 Form 4 Insider Report for Eastside Distilling, Inc. (EAST)

Role
Director
Signature
/s/ Robert P. Grammen
Stock symbol
EAST
Transactions as of
Sep 15, 2021
Transactions value $
-$5,000
Form type
4
Date filed
9/17/2021, 09:24 PM
Previous filing
May 13, 2021
Next filing
Nov 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EAST Common Stock Options Exercise $0 +7.07K +7.52% $0.00 101K Sep 15, 2021 Direct F1, F3
transaction EAST Common Stock Options Exercise $0 +1.77K +1.75% $0.00 103K Sep 15, 2021 Direct F2, F3

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 Award $0 +7.07K $0.00 7.07K Sep 15, 2021 Common Stock 7.07K $2.83 Direct F3, F4, F5
transaction EAST Restricted Stock Units Options Exercise $0 -7.07K -100% $0.00* 0 Sep 15, 2021 Common Stock 7.07K $2.83 Direct F3, F4, F5
transaction EAST Restricted Stock Units Options Exercise -$5K $0 Sep 15, 2021 Common Stock 1.77K $2.82 Direct F3, F4, F6, F7
holding EAST Stock Option (right to buy) 5K Sep 15, 2021 Common Stock 5K $1.23 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on September 15, 2021.
F2 Represents the settlement upon vesting of RSUs that were awarded on July 30, 2020. The shares issued upon settlement were issued on September 15, 2021.
F3 Granted under the Issuer's 2016 Equity Incentive Plan (the "Plan").
F4 Each RSU represents the right to receive shares of common stock upon settlement for no consideration.
F5 All 7,067 RSUs vested immediately upon grant.
F6 The closing price of EAST on June 30, 2021, the vesting date, was $2.82.
F7 On July 30, 2020, the Reporting Person was awarded $20,000 of RSUs, which vest in four quarterly installments beginning on September 30, 2020 and continuing thereafter on the last day of each quarter through and including June 30, 2021, subject to continued service with the Issuer on each respective vesting date.