Beeline Holdings, Inc. — Director's Dealing 2017

Feb 14, 2017

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Eastside Distilling, Inc. (ESDI)
CIK: 0001534708
Period of Report: 2016-12-31

Reporting Person: WICKERSHAM GROVER T. (Director, Chairman and CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-29	Common Stock Purchase Warrants (right to buy)	$2	J	40384	Disposed	2019-06-22	Common Stock (40384)	Direct

Footnotes

F1: The exercise price of the transferred warrants was $2.00; however, at the time of the assignment, they were subject to a temporary exercise price reduction that reduced the exercise price to $1.30 through December 31, 2016.

F2: The warrants were assigned by the reporting person to an unaffiliated third party for no consideration.

F3: The warrants contain a blocker that prohibits the holder from exercising the warrants if such exercise will result in the beneficial ownership by the holder of more than 9.99% of the Issuer's outstanding shares. The blocker may only be amended by written consent of both the Issuer and the holder. Once the holder's beneficial ownership percentage, calculated in accordance with Rule 13d-3(i), reaches 9.99%, warrants will not be exercisable until such time as the holder's beneficial ownership percentage falls to 9.99% or below.