Stephanie Kilkenny - 30 Jun 2022 Form 4 Insider Report for Eastside Distilling, Inc. (BLNE)

Role
Director
Signature
/s/ Stephanie Kilkenny
Issuer symbol
BLNE
Transactions as of
30 Jun 2022
Net transactions value
$0
Form type
4
Filing time
05 Jul 2022, 21:04:36 UTC
Previous filing
21 Apr 2022
Next filing
31 Oct 2022
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 +16,304 $0.000000 16,304 30 Jun 2022 Direct F1, F2
holding EAST Common Stock 119,387 30 Jun 2022 See footnote F5

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 +16,304 $0.000000 16,304 30 Jun 2022 Common Stock 16,304 $0.6900 Direct F2, F3, F4
transaction EAST Restricted Stock Units Options Exercise $0 -16,304 -100% $0.000000* 0 30 Jun 2022 Common Stock 16,304 $0.6900 Direct F2, F3, F4
holding EAST Warrants 27,778 30 Jun 2022 Common Stock 27,778 $5.50 See footnote F6
holding EAST Warrants 2,500,000 30 Jun 2022 Common Stock 833,334 $1.20 See footnote F7
* 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 June 30, 2022.
F2 Granted under the Issuer's 2016 Equity Incentive Plan (the "Plan").
F3 Each RSU represents the right to receive shares of common stock upon settlement for no consideration.
F4 All 16,304 RSUs vested immediately upon grant.
F5 These securities are held directly by Stephanie A. Kilkenny, Trustee of the Stephanie A. Kilkenny Trust. The inclusion of these securities in 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, or for any other purpose.
F6 These securities are held directly by Patrick J. Kilkenny, Trustee of the Patrick J. Kilkenny Revocable Trust. Mr. Kilkenny is the spouse of the Reporting Person. The inclusion of these securities in 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, or for any other purpose.
F7 The Warrants were acquired from the Issuer by TQLA, LLC in consideration of the purchase by TQLA, LLC of a promissory note in the principal amount of $3,000,000. The Reporting Person, together with her spouse, owns and controls TQLA, LLC. The inclusion of these securities in 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, or for any other purpose.