Sec Form 4 Filing - GWIN GEOFFREY C @ Eastside Distilling, Inc. - 2020-09-30

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
GWIN GEOFFREY C
2. Issuer Name and Ticker or Trading Symbol
Eastside Distilling, Inc. [ EAST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last) (First) (Middle)
28 BLACKROCK TPK
3. Date of Earliest Transaction (MM/DD/YY)
09/30/2020
(Street)
REDDING,, CT06896
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 09/30/2020 M( 1 ) 32,895 A $ 0 ( 2 ) 87,379 D
Common Stock 09/30/2020 F( 3 ) 7,170 D $ 1.14 80,209 D
Common Stock 12/31/2020 M( 4 ) 29,297 A $ 0 ( 2 ) 109,506 D
Common Stock 12/31/2020 F( 5 ) 6,512 D $ 1.28 102,994 D
Common Stock 03/31/2021 M( 6 ) 10,135 A $ 0 ( 2 ) 113,129 D
Common Stock 03/31/2021 F( 7 ) 1,014 D $ 1.85 112,115 D
Common Stock 107,000 I See footnote ( 8 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Restricted Stock Units $ 1.14 ( 1 ) 09/30/2020 M 09/30/2020 09/30/2020 Common Stock 32,895 $ 0 ( 2 ) $ 112,500 D
Restricted Stock Units $ 1.28 ( 4 ) 12/31/2020 M 12/31/2020 12/31/2020 Common Stock 29,297 $ 0 ( 2 ) $ 75,000 D
Restricted Stock Units $ 1.85 ( 6 ) 03/31/2021 M 03/31/2021 03/31/2021 Common Stock 10,135 $ 0 ( 2 ) $ 56,250 D
Restricted Stock Units ( 9 ) 03/31/2021 D 03/31/2021 06/30/2021 Common Stock $ 56,250 $ 0 ( 9 ) $ 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GWIN GEOFFREY C
28 BLACKROCK TPK
REDDING,, CT06896
Chief Financial Officer
Signatures
/s/ Geoffrey Gwin 09/17/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents settlement upon vesting of $37,500 of restricted stock units ("RSUs") on September 30, 2020 that were awarded on July 10, 2020. The shares issued upon settlement were issued on October 1, 2020.
( 2 )Awarded pursuant to the Issuer's 2016 Equity Incentive Plan.
( 3 )Represents the withholding by the Issuer of shares of common stock (from the $37,500 of RSUs that vested on September 30, 2020) to satisfy payment of the Reporting Person's tax withholding obligations.
( 4 )Represents settlement upon vesting of $37,500 of RSUs on December 31, 2020 that were awarded on July 10, 2020.
( 5 )Represents the withholding by the Issuer of shares of common stock (from the $37,500 of RSUs that vested on December 31, 2020) to satisfy payment of the Reporting Person's tax withholding obligations.
( 6 )Represents settlement upon vesting of $18,750 of RSUs on March 31, 2021 that were awarded on July 10, 2020. See footnote 9.
( 7 )Represents the withholding by the Issuer of shares of common stock (from the $37,500 of RSUs that vested on March 31, 2021) to satisfy payment of the Reporting Person's tax withholding obligations.
( 8 )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. 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.
( 9 )Effective February 4, 2021, the Issuer and the Reporting Person entered into a First Amendment to Employment Agreement (the "First Amendment"), pursuant to which $56,250 of unvested RSUs were rescinded.

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