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EAST Eastside Distilling Inc

0.9595
-0.047 (-4.67%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Eastside Distilling Inc NASDAQ:EAST NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.047 -4.67% 0.9595 0.84 3.50 1.04 0.931 1.01 19,889 05:00:08

Statement of Changes in Beneficial Ownership (4)

08/04/2020 12:27am

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SHOEN PAUL F
2. Issuer Name and Ticker or Trading Symbol

Eastside Distilling, Inc. [ EAST ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chairman of the Board
(Last)          (First)          (Middle)

C/O EASTSIDE DISTILLING, INC., 1001 SE WATER AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

4/6/2020
(Street)

PORTLAND,, OR 97214
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 4/6/2020  M(1)  15909 A$1.10 26598 D  
Common Stock         100000 I By Trust (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (3)4/6/2020  A   15909    4/6/2020 (4)4/6/2020 (4)Common Stock 15909 $0.00 15909 D  
Restricted Stock Units  (3)4/6/2020  M     15909  4/6/2020 (4)4/6/2020 (4)Common Stock 15909 $0.00 0 D  

Explanation of Responses:
(1) Represents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on April 6, 2020.
(2) The Shares are owned directly by The Paul F. Shoen Revocable Trust. The reporting person is the trustee, grantor and beneficiary of the Revocable Trust.
(3) Each RSU is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of EAST on April 6, 2020 was $1.10.
(4) All 15,909 RSUs vested immediately upon grant.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
SHOEN PAUL F
C/O EASTSIDE DISTILLING, INC.
1001 SE WATER AVENUE
PORTLAND,, OR 97214
X
Chairman of the Board

Signatures
/s/ PAUL F. SHOEN4/7/2020
**Signature of Reporting PersonDate

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