Key facts
- This page summarizes VECTOR GROUP LTD's Form 4 filing for Douglas Elliman Inc. (DOUG).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 03 Jan 2022, 20:01.
VECTOR GROUP LTD - 29 Dec 2021 Form 4 Insider Report for Douglas Elliman Inc. (DOUG)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- DOUG
- Reported as of
- 29 Dec 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Jan 2022, 20:01:10 UTC
- Prior SEC filing
- 21 Dec 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ J. Bryant Kirkland III, Senior Vice President, Treasurer and CFO of Vector Group Ltd.
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
VECTOR GROUP LTD filed Form 4 for Douglas Elliman Inc. (DOUG) on 03 Jan 2022.
Change
- Previous filing in this sequence was filed on 21 Dec 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DOUG
transaction
Common Stock
Other
- Transaction value
- $0
- Shares
- +77,719,631
- Change %
- +7771963%
- Price
- $0.000000
- Shares after
- 77,720,631
- Date
- 29 Dec 2021
- Ownership
- Direct
- Footnotes
- F1, F2
DOUG
transaction
Common Stock
Other
- Transaction value
- $0
- Shares
- -77,720,631
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 29 Dec 2021
- Ownership
- Direct
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
VECTOR GROUP LTD is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
In connection with the separation of Douglas Elliman Inc. ("Douglas Elliman") from Vector Group Ltd. ("Vector"), on December 29, 2021, Douglas Elliman issued to New Valley LLC ("New Valley"), its sole stockholder, 77,719,631 shares of its Common Stock, par value $0.01 per share ("Common Stock") in consideration for receipt of the assets and liabilities of the Douglas Elliman business.
Footnote F2
On December 29, 2021, New Valley made a distribution to its sole stockholder, Vector, of all of the outstanding shares of Common Stock of Douglas Elliman. Immediately thereafter, Vector distributed all of the outstanding shares of Common Stock to the holders of record of Vector common stock (including Vector common stock underlying outstanding stock option awards and restricted stock awards) as of December 20, 2021 in a transaction exempt under Rules 16a-9 and 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As a result of the Distribution, Vector and New Valley no longer beneficially own any shares of Douglas Elliman and consequently neither are subject to the requirements of Section 16 of the Exchange Act with respect to Douglas Elliman.