X0306 4 2019-04-11 0 0001029730 LADENBURG THALMANN FINANCIAL SERVICES INC. LTS 0001093960 ZEITCHICK MARK 4400 BISCAYNE BOULEVARD 12TH FLOOR MIAMI FL 33137 1 1 0 0 Executive Vice President Common Stock 2019-04-11 4 P 0 7000 3.3797 A 3050343 I Held by the Mark D. Zeitchick 2016 Revocable Trust Common Stock 2019-04-11 4 P 0 3000 3.37 A 3053343 I Held by the Mark D. Zeitchick 2016 Revocable Trust Common Stock 1001203 D 8.00% Series A Cumulative Redeemable Preferred Stock 4000 I Held by the Mark D. Zeitchick 2016 Revocable Trust The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $3.375 to $3.38, inclusive. The reporting person undertakes to provide Ladenburg Thalmann Financial Services Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4. The reporting person is the trustee of the above-listed trust. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $3.365 to $3.37, inclusive. The reporting person undertakes to provide Ladenburg Thalmann Financial Services Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (3) to this Form 4. 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/ Mark Zeitchick 2019-04-12