X0306 4 2019-06-13 0 0001029730 LADENBURG THALMANN FINANCIAL SERVICES INC. LTS 0001053471 LORBER HOWARD M C/O VECTOR GROUP LTD. 4400 BISCAYNE BLVD., 10TH FL MIAMI FL 33137 1 0 0 0 Common Stock 2019-06-13 4 A 0 30000 0.00 A 3085385 D Common Stock 522027 I Lorber Alpha II Limited Partnership Common Stock 67 I By Howard Lorber Rollover IRA Restricted shares of common stock issued pursuant to the issuer's Amended and Restated 2009 Incentive Compensation Plan. Restricted shares vest in two equal annual installments commencing on the first anniversary of the date of grant provided Mr. Lorber is then still a director of the issuer, subject to earlier vesting upon his death or disability or a change of control of the issuer. Lorber Alpha II LLC, a Delaware limited liability company, is the general partner of Lorber Alpha II Limited Partnership, a Nevada limited partnership. The reporting person serves as the Managing Member of Lorber Alpha II LLC and has voting and dispositive power with respect to such shares. /s/ Howard M. Lorber 2019-06-14