Beeline Holdings, Inc. — Director's Dealing 2017

Jul 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Eastside Distilling, Inc. (ESDI)
CIK: 0001534708
Period of Report: 2017-06-30

Reporting Person: GLENBROOK CAPITAL LP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-18	Common Stock	P	2100	$5.94	Acquired	465387	Direct
2017-07-21	Common Stock	P	800	$6.0875	Acquired	466187	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-30	5% Convertible Note Due 2020	$6	P	400000	Acquired	2020-06-30	Common Stock (66667)	Direct

Footnotes

F1: Reflects the total shares beneficially owned, taking into account the three-for-one reverse stock split effected on June 15, 2017.

F2: This transaction was executed in multiple trades at prices ranging from $5.9667 to $6.25. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request of 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 transactions reported on this Form 4.

F3: The note is convertible at any time at the option of the holder at $6.00 per share, subject to adjustment for future stock splits, reverse splits and similar recapitalizations events, and subject to the blocker attached thereto, which prohibits the voluntary conversion if, by virtue of the conversion, the holder and its affiliates would collectively own more than 19.95% of the Issuer's then outstanding shares. The note will automatically convert in the event the Issuer consummates an equity financing of at least $4.0 million at a per share price of at least $7.50.