X0306 4 2018-05-30 0 0001029730 LADENBURG THALMANN FINANCIAL SERVICES INC. LTS 0000898860 FROST PHILLIP MD ET AL 4400 BISCAYNE BOULEVARD MIAMI FL 33137 1 0 1 0 0001464124 Frost Nevada Investments Trust 4400 BISCAYNE BOULEVARD MIAMI FL 33137 0 0 1 0 Common Stock 2018-05-30 4 A 0 30000 0.00 A 2540000 D Common Stock 54013431 I Frost Nevada Investments Trust Common Stock 12816199 I Frost Gamma Investments Trust 8.00% Series A Cumulative Redeemable Preferred Stock 910000 I Frost Nevada Investments Trust 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 Dr. Frost 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. These securities are held by Frost Nevada Investments Trust, of which the Reporting Person is the trustee and Frost-Nevada, L.P. is the sole and exclusive beneficiary. The Reporting Person is one of five limited partners of Frost-Nevada, L.P. and the sole shareholder of Frost-Nevada Corporation, the sole general partner of Frost-Nevada, L.P. These securities are held by Frost Gamma Investments Trust, of which the Reporting Person is the trustee and Frost Gamma, L.P. is the sole and exclusive beneficiary. The Reporting Person is one of two limited partners of Frost Gamma, L.P. The general partner of Frost Gamma, L.P. is Frost Gamma, Inc., and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada Corporation. The Reporting Person is also the sole shareholder of Frost-Nevada Corporation. 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/ Phillip Frost, M.D. 2018-06-01 /s/ Phillip Frost, M.D., Trustee 2018-06-01