| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
VECTOR GROUP LTD [ VGR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/18/2010 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Put (obligation to buy) | $20 | 08/18/2010 | E | 216 | 12/28/2009 | 08/21/2010 | Common Stock | 21,600 | $1.4 | 0 | I | By Frost Gamma Investments Trust(1) | |||
| Put (obligation to buy) | $20 | 08/18/2010 | S | 216 | 08/18/2010 | 02/19/2011 | Common stock | 21,600 | $1.9 | 216 | I | By Frost Gamma Investments Trust(1) | |||
| Put (obligation to buy) | $20 | 08/18/2010 | E | 443 | 12/29/2009 | 08/21/2010 | Common Stock | 44,300 | $1.137(2) | 0 | I | By Frost Gamma Investments Trust(1) | |||
| Put (obligation to buy) | $20 | 08/18/2010 | S | 443 | 08/18/2010 | 02/19/2011 | Common Stock | 44,300 | $1.847(3) | 443 | I | By Frost Gamma Investments Trust(1) | |||
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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| Explanation of Responses: |
| 1. These securities are held by Frost Gamma Investments Trust, of which Phillip Frost M.D., is the trustee. Frost Gamma L.P. is the sole and exclusive beneficiary of Frost Gamma Investments Trust. Dr. Frost 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. Dr. Frost is also the sole shareholder of Frost-Nevada Corporation. The reporting person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |
| 2. Represents the weighted average purchase price for price increments ranging from $1.05 to $1.15. The Reporting Person undertakes to provide, upon request for the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of derivative securities cancelled or closed at each separate price for all transactions reported on this Form 4. |
| 3. Represents the weighted average sales price for price increments ranging from $1.84 to $1.93. The Reporting Person undertakes to provide, upon request for the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of derivative securities sold at each separate price for all transactions reported on this Form 4. |
| /s/ Phillip Frost, MD | 08/20/2010 | |
| Frost Gamma Investments Trust by: /s/ Phillip Frost, MD, Trustee | 08/20/2010 | |
| Frost Nevada Investments Trust by: /s/ Phillip Frost, MD, Trustee | 08/20/2010 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
FORM 4 — JOINT FILER INFORMATION
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NAME:
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Frost Gamma Investments Trust | |
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ADDRESS:
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4400 Biscayne Blvd Miami, FL 33137 |
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Designated Filer:
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Phillip Frost, M.D. | |
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Issuer and Ticker Symbol:
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Vector Group Ltd. (VGR) | |
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Date of Event Requiring
Statement:
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August 18, 2010 |
FROST GAMMA INVESTMENTS TRUST
by: /s/
Phillip Frost MD, as trustee
Phillip Frost, M.D.,
Trustee
JOINT FILER INFORMATION
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NAME:
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Frost Nevada Investments Trust | |
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ADDRESS:
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4400 Biscayne Blvd Miami, FL 33137 |
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Designated Filer:
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Phillip Frost, M.D. | |
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Issuer and Ticker Symbol:
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Vector Group Ltd. (VGR) | |
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Date of Event Requiring
Statement:
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August 18, 2010 |
FROST NEVADA INVESTMENTS TRUST
by: /s/
Phillip Frost MD, as trustee
Phillip Frost, M.D.,
Trustee