X0306 4 2019-01-10 0 0001029730 LADENBURG THALMANN FINANCIAL SERVICES INC. LTS 0001047092 LAMPEN RICHARD 4400 BISCAYNE BOULEVARD 12TH FLOOR MIAMI FL 33137 1 1 0 0 CEO, President & Chairman Common Stock 2019-01-10 4 A 0 400000 0.00 A 2978671 D Common Stock 73333 I By wife 8.00% Series A Cumulative Redeemable Preferred Stock 4200 I By wife Restricted shares of common stock issued pursuant to the issuer's Amended and Restated 2009 Incentive Compensation Plan. Restricted shares vest in four equal annual installments commencing on the first anniversary of the date of grant provided Mr. Lampen is then still an employee or director of the issuer, subject to earlier vesting upon his death or disability or a change of control of the issuer. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for 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/ Richard J. Lampen 2019-01-14