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Statement of Changes in Beneficial Ownership (4)
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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
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OMB Number: 3235-0287
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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 *
WICKERSHAM GROVER T 2. Issuer Name and Ticker or Trading Symbol
Eastside Distilling, Inc. [ ESDI ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last) (First) (Middle)
430 CAMBRIDGE AVENUE, SUITE 100 3. Date of Earliest Transaction (MM/DD/YYYY)
10/13/2016
(Street)
PALO ALTO, CA 94306
(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 6343099 I By Employee Profit Sharing Plan (1)
Common Stock 2195088 D
Common Stock 4418000 I By Irrevocable Trust (2)
Common Stock 373328 I By Charitable Remainder Trust (3)
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 Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. 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 Date 7. 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Option (right to buy) $0.09 10/13/2016 A 700000 10/13/2016 (4) 10/13/2026 Common Stock 700000 $0 (5) 700000 D
Common Stock Purchase Warrants (right to buy) $0.1 6/22/2016 (6) 6/22/2019 Common Stock 4000000 4000000 I By Irrevocable Trust (2)
Common Stock Purchase Warrants (right to buy) $0.1 6/22/2016 (6) 6/22/2019 Common Stock 2000000 2000000 D
Common Stock Purchase Warrants (right to buy) $0.1 6/30/2016 (6) 6/30/2019 Common Stock 500000 500000 I By Employees' Profit Sharing Plan (1)
Common Stock Purchase Warrants (right to buy) $0.1 6/30/2016 (6) 6/30/2019 Common Stock 500000 500000 I By Charitable Remainder Trust (3)
Common Stock Purchase Warrants (right to buy) $0.1 7/11/2016 (6) 7/11/2019 Common Stock 1200000 1200000 I By Employees' Profit Sharing Plan (1)
Cancel lease on office and brewery !!!
Wonder how many hundreds of thousands of $ they spent on remodeling
the place to start with...
in my opinion...they were a smart brewing group that started the deal but had no business trying to run it as a public company and got their heads handed to them ...
stock crashed from $2 to .05 then Reverse split and a basic change of control in leadership...
it looks shaky ever since ...
risky play but might pay off in the long run if you buy on a drop, there have been several and will be more IMO
Same old RS crap, down goes the PPS. Glad I bailed long ago.
ESDID they have :)
ESDI, effective Oct. 18, 2016 a one for 20 reverse split:
http://otce.finra.org/DLSymbolNameChanges
SELL !!! SELL !!! SELL !!!
R/S coming per NVSOS Filing from previous post.
typical, they pushed out old management for screwing up on a convertable debt
and are now wipeing out the old shareholders so they can line their pockets with new shares at cheap prices, also employee incentives are not always subject to a R/S so they still got a big payoff ?...
Just the little guy that gets SCREWED as usual...
R/S coming per NVSOS Filing
Action Type: Stock Split
File Date: 10/6/2016
Effective Date: 10/18/2016
Previous Stock Value:
Par Value Shares: 900,000,000 Value: $ 0.0001
Par Value Shares: 100,000,000 Value: $ 0.0001
No Par Value Shares: 0
Total Authorized Capital: $ 100,000.00
New Stock Value:
Par Value Shares: 45,000,000 Value: $ 0.0001
Par Value Shares: 100,000,000 Value: $ 0.0001
No Par Value Shares: 0
Total Authorized Capital: $ 14,500.00
$ESDI : Excellent Corporate Presentation deck
https://static1.squarespace.com/static/56ce21152fe1314d29719fb4/t/57ed48ac9f7456d69a3d2c9c/1475168451562/ESDICorporatePesentation9-27-16.pdf
.
I was tempted to take all my profits, but I'm gonna let it ride and see where this goes into October.
you were right
Oversold at 5 cents. Easy double.
What the F is going on today?
I'd like to know where they got their data from, states 52 wk high of $5.00. I have yet to see a chart go over 2.50
I'd like to know where they got their data from, states 52 wk high of $5.00. I have yet to see a chart go over 2.50
Yes I got it in mail.
Anyone else receive the mailing today. Trying to pump for their new facility
Anyone else receive the mailing today. Trying to pump for their new facility
Yeah, it doesn't seem to be attracting any positive attention.
Increased expenses too. Look at G&A !! Market does not seem impressed. Stock really tanking lately.
10Q OUT, CONFIRMS INCREASED PROFIT MARGIN AND SALES.
Spoke to someone at Eastside today, she confirmed the 10Q should be out "this week".
The 10Q is due next week, and will undoubtedly be positive showing stronger sales than ever, why anyone is selling now is beyond me. Great buying opportunity here.
very interesting Penny, Eastside is really spreading
Will be interesting to see if these levels hold. Illinois is also on board now too.
http://finance.yahoo.com/q/h?s=ESDI+Headlines
Enjoying all the updates here. Keep me posted when news comes out. Top awards for Barrel Hitch!
http://finance.yahoo.com/q/h?s=ESDI+Headlines
Eastside Distilling, Inc. has an inventory that increases constantly as well as the liabilities, revealing a bad management of production. The sales are interesting but unfortunately the costs related to the operation of the company are ridiculous. The Company will require additional capital or financing to sustain its current level of operations for the next twelve months. This company is very badly managed or is simply a fraud.
I do not make a habit of trading on Friday unless I am looking at a long term hold where I can get in early (cheap) and take a profit. I do like the company and will be keeping his will be on watch for future entry
Being pumped by stock freak as well as others tomorrow. Dd: note extended for 150k convertible in december 2015. Paying off a note monthly for $472 plus interest for vehicle until 2020. As. 900m, os 45m, float 20m traces of last q show unaudited. Technicals show a bounce inevitable at 0.70 with the rs at 34. Gltua
very good question, I do not know the answer but will look to see if I can find out.
I hope you are enjoying your Labor day and some awesome spirits!
Enjoy the party weekend Pivot! Tell your friends about this one. Seems to be doing well this week.
Good morning, glad they are moving higher. Interest is growing. Watch for more news.
nice close here today Penny
Yes, seems things are looking up for the company.
got a little action going on today Penny
Currently back up to 1.00. Still would like to see a buy out happen.
good morning Penny, see if we cant make a move today
They taste better in small batches because more time is put into the care and overall process of bringing these spirits to life. Technique will win over the fussy consumer every time.
Very nice, four locations in home state too.
I can't wait to get home and celebrate!! Cheers!
ESDI full listing of Press Releases. Good resource:
http://www.eastsidedistilling.com/press-releases/
Looks great to me.. Cheers!
Wow! Very nice review on their Burnside Bourbon!
Here's a unbiased review ~ http://drinkwire.liquor.com/post/burnside-bourbon-review
Nice find! Here are their Nationwide locations:
Now Find Eastside Nationwide!
GEORGIA
Ultimate Distributors
1376 Hills Place
Atlanta GA 30318
404.355.9893
http://www.ultimatedistributors.com
MARYLAND
Vignobles LVDH USA Inc.
2600 Amanda Court
Woodstock, MD 21163
410.521.3726
http://www.Lvdh.com
MINNESOTA
Amara Wines & Spirits
7800 Elm St. NE
Fridley, MN 55432
763.572.Wine (9463)
http://www.info@amarawines.com
PENNSYLVANIA
Keystone State Wine & Spirits
7955 Jonestown Rd.
Harrisburg, PA 17112
717.731.2444
http://www.keystonestatespirits.com
WASHINGTON
Young’s Market
20301 59th Place South
Kent, WA 98032
wainfo@youngsmarket.com
(425) 251-9300
NEW YORK
Royal Wine Corp.
63 LeFante Way
Bayonne, NJ 07002
http://www.royalwine.com
(201) 437-9131
VIRGINIA
Southern Wine and Spirits
8570 Magellan Parkway #600
Richmond, VA
(804) 213-0754
http://www.southernwine.com
TEXAS
Glazer’s Dist. of TX, Inc.
2001 Diplomat Dr
Farmers Branch TX 75234-8919
(972) 277-2000
http://www.glazers.com
INDIANA
Republic National Distributing Company
700 West Morris St.
Indianapolis, IN 46225
(317) 636-6092
http://www.rndc-usa.com
Here's a quote from News ~ August 17, 2015
"A key part of the roll out of our national campaign is internal development and preparation. Our new 41,000 sq. ft. distillery now provides ample room for growth. In addition, we continue to advance our product innovation and have expanded our broad product portfolio with the recent introduction of our American Whiskey, labeled Barrel Hitch, which is already experiencing strong results.
Here's a quote from News ~ August 17, 2015
"A key part of the roll out of our national campaign is internal development and preparation. Our new 41,000 sq. ft. distillery now provides ample room for growth. In addition, we continue to advance our product innovation and have expanded our broad product portfolio with the recent introduction of our American Whiskey, labeled Barrel Hitch, which is already experiencing strong results.
Here's a list of presenters at conference.. http://www.gateway-conference.com/presenters/
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Eastside Distilling, Inc. (NASDAQ: EAST) has been producing high-quality, award-winning craft spirits in Portland, Oregon, since 2008. The Company is distinguished by its highly decorated product lineup that includes Azuñia Tequilas, Burnside Whiskeys, Hue-Hue Coffee Rum, and Portland Potato Vodkas. All Eastside spirits are crafted from natural ingredients for quality and taste. Eastside's Craft Canning + Bottling subsidiary is one of the Northwest's leading independent ready-to-drink canners.
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