X0306 4 2015-04-09 0 0001029730 LADENBURG THALMANN FINANCIAL SERVICES INC LTS 0001446157 Simkin Jacqueline M 801 BRICKELL AVE, SUITE 2350 MIAMI FL 33131 1 0 0 0 Common Stock 2015-04-09 4 P 0 30000 3.63 A 1438943 I Held by The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03 Common Stock 325500 I Held by The LTS #2 Grantor Retained Annuity Trust dtd 11/18/11 Common Stock 181000 I Held by The Jacqueline Simkin Charitable Remainder Unitrust dtd 09/06/2002 8.00% Series A Cumulative Redeemable Preferred Stock 8000 I Held by The Jacqueline Simkin Revocable Trust as Amended & Restated 12/16/03 The price reported represents the weighted average price per share. These securities were purchased in multiple open market transactions at prices ranging from $3.55 to $3.70. The Reporting Person undertakes to provide the staff of the SEC, the issuer, or a shareholder of the issuer, upon request, the number of shares purchased at each separate price within the range listed above. The reporting person is the trustee of the above-listed trust. The reporting person is a trustee of the above-listed trust and disclaims beneficial ownership except to the extent of her pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose. The reporting person is a co-trustee of the above-listed trust and disclaims beneficial ownership except to the extent of her pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose. The 8.00% Series A Cumulative Redeemable Preferred Stock is convertible into common stock at a non-fixed conversion rate in connection with a change of control as described in the issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 24, 2013. /s/ Jacqueline M. Simkin 2015-04-10