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Filing Details

Accession Number:: 0001493152-20-001987
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-11 19:48:50
Reporting Period:: 2019-12-17

Accepted Time:: 2020-02-11 19:48:50
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1534708	Eastside Distilling Inc.	EAST	Beverages (2080)	203937596

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1787349	C Geoffrey Gwin	238 Black Rock Tpk Redding CA 06896		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2019-12-17	101,000	$2.59	753,258	No	4	P	Indirect	See footnote
Common Stock	Acquisiton	2019-12-18	44,000	$2.90	797,258	No	4	P	Indirect	See footnote
Common Stock	Acquisiton	2020-01-15	9,059	$3.20	11,929	No	4	M	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote
No	4	P	Indirect	See footnote
No	4	M	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2020-01-15	9,059	$0.00	9,059	$0.00
Common Stock	Restricted Stock Units	Disposition	2020-01-15	9,059	$0.00	9,059	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,059	2020-01-15	2020-01-15	No	4	A	Direct
0	2020-01-15	2020-01-15	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	107,196	Indirect	See footnote

Footnotes

This transaction was executed in multiple trades at prices ranging from $2.55 to $2.72. The price reported reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request from the Securities and Exchange Commission ("SEC") staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price for all of the purchases that make up this transaction.
These securities are held by QCMA, and the total number of shares includes the 107,196 shares owned by Group G Investments referred to in footnote (5). QCMA serves as a sub-advisor of Group G Investments. The Reporting Person is a portfolio manager (for which he receives performance-based compensation) and a member of QCMA. As such, he may be deemed to be an indirect beneficial owner of QCMA's 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 Act or for any other purpose.
This transaction was executed in multiple trades at prices ranging from $2.77 to $3.07. The price reported reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request from the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price for all of the purchases that make up this transaction.
Represents the settlement upon vesting of restricted stock units ("RSUs") that were awarded on January 15, 2020.
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. These shares are also included in the shares beneficially owned by QCMA as noted in footnote (2). 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.
Each RSU is the economic equivalent of one share of Eastside Distilling, Inc. common stock. The closing price of EAST on January 15, 2020 was $3.20.
All 9,059 RSUs vested immediately upon grant.