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Filing Details

Accession Number:: 0001493152-21-012493
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-05-21 15:22:41
Reporting Period:: 2020-09-18

Accepted Time:: 2021-05-21 15:22:41
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1534708	Eastside Distilling Inc.	EAST	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1373737	Paul Block	22 Burr Farms Road Westport, CT 06880	Chairman & Ceo	Yes	Yes	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
Common Stock	Disposition	2020-09-18	11,956	$1.35	152,954	No	4	F	Direct
Common Stock	Disposition	2020-10-30	11,956	$1.30	140,998	No	4	F	Direct
Common Stock	Disposition	2020-11-27	10,726	$1.78	130,272	No	4	F	Direct
Common Stock	Disposition	2020-12-24	10,726	$1.36	119,546	No	4	F	Direct
Common Stock	Acquisiton	2021-03-31	27,320	$0.00	148,866	No	4	M	Direct
Common Stock	Acquisiton	2021-03-31	9,107	$0.00	155,973	No	4	M	Direct
Common Stock	Disposition	2021-03-31	12,064	$1.83	143,909	No	4	F	Direct
Common Stock	Acquisiton	2021-05-19	20,000	$1.79	163,909	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2021-01-19	$0.00	0	$0.00
Common Stock	Restricted Stock Units	Disposition	2021-03-31	$0.00	27,320	$1.83
Common Stock	Restricted Stock Units	Disposition	2021-03-31	$0.00	9,107	$1.83

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2021-03-31	2023-12-31	No	4	A	Direct
2021-03-31	2021-06-30	No	4	M	Direct
2021-03-31	2023-12-31	No	4	M	Direct

Footnotes

Pursuant to that certain Executive Employment Agreement between Eastside Distilling, Inc. (the "Issuer") and Paul R. Block, which was executed on July 7, 2020 (the "Employment Agreement"), Mr. Block is entitled to receive 31,250 shares of common stock each month beginning July 2020 and continuing through December 2020, which shares will be issued under the Issuer's 2016 Equity Incentive Plan (the "Plan"). The reporting person is reporting the withholding by the Issuer of an aggregate of 11,956 shares of common stock (from the 31,250 shares of common stock that vested on September 18, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations.
The reporting person is reporting the withholding by the Issuer of an aggregate of 11,956 shares of common stock (from the 31,250 shares of common stock that vested on October 30, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations.
The reporting person is reporting the withholding by the Issuer of an aggregate of 10,726 shares of common stock (from the 31,250 shares of common stock that vested on November 27, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. These shares were not actually issued and withheld until January 11, 2021.
The reporting person is reporting the withholding by the Issuer of an aggregate of 10,726 shares of common stock (from the 31,250 shares of common stock that vested on December 24, 2020 pursuant to the Employment Agreement) to satisfy payment of the reporting person's tax withholding obligations. These shares were not actually issued and withheld until January 11, 2021.
Represents settlement upon vesting of restricted stock units ("RSUs") that were awarded on July 10, 2020. These shares were not actually issued until March 31, 2021.
Awarded pursuant to the Plan. Each RSU represents the right to receive shares of common stock upon settlement for no consideration.
Represents settlement upon vesting of restricted stock units ("RSUs") that were awarded on January 19, 2021. These shares were not actually issued until March 31, 2021.
The reporting person is reporting the withholding by the Issuer an aggregate of 12,064 shares of common stock that vested on March 31, 2021 but that were not issued in order to satisfy the reporting person's tax withholding obligations in connection with the delivery of common stock to the reporting person upon vesting of RSUs. These shares were not actually issued and withheld until March 31, 2021.
Pursuant to the Employment Agreement, on January 19, 2021, the Compensation Committee of the Issuer's Board of Directors awarded the reporting person $200,000 in value of RSUs, (1/12) of which will be earned and vested on each of March 31, June 30, September 30 and December 31, beginning March 31, 2021 and ending December 31, 2023, if the reporting person remains employed on the applicable quarterly vesting date.
Pursuant to the Employment Agreement, on July 7, 2020, the Compensation Committee of the Issuer's Board of Directors awarded the reporting person $100,000 in value of RSUs, (1/2) of which will be earned and vested on each of March 31, 2021 and June 30, 2021, if the reporting person remains employed on the applicable quarterly vesting date.