Sec Form 4 Filing - GLENBROOK CAPITAL LP @ Eastside Distilling, Inc. - 2018-07-06

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
GLENBROOK CAPITAL LP
2. Issuer Name and Ticker or Trading Symbol
Eastside Distilling, Inc. [ EAST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
430 CAMBRIDGE AVENUE, SUITE 100
3. Date of Earliest Transaction (MM/DD/YY)
07/06/2018
(Street)
PALO ALTO, CA94306
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 07/06/2018 C( 1 ) 70,000 A $ 6 662,885 D ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
5% Convertible Note Due 2020 $ 6 07/06/2018 C( 1 ) 06/30/2017 06/30/2020 Common Stock 70,000 ( 3 ) $ 400,000 $ 0 D ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GLENBROOK CAPITAL LP
430 CAMBRIDGE AVENUE
SUITE 100
PALO ALTO, CA94306
X
GLENBROOK CAPITAL MANAGEMENT
430 CAMBRIDGE AVE STE 100
PALO ALTO, CA94306
X
Signatures
Glenbrook Capital, LP by Glenbrook Capital Management, the general partner, by /s/ Richard Rudgley, President 07/10/2018
Signature of Reporting Person Date
Glenbrook Capital Management by /s/ Richard Rudgley, President 07/10/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares were issued upon conversion of a 5% convertible promissory note due 2020 in the principal amount of $400,000, plus $20,000 in accrued interest.
( 2 )Glenbrook Capital, LP ("GBLP") is the direct beneficial owner of the securities reported herein. However, these securities may also be deemed to be indirectly beneficially owned by Glenbrook Capital Management ("GCM"), the general partner of GBLP. GCM disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein, if any. This report shall not be deemed an admission that GCM is the beneficial owner of the shares described herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
( 3 )Includes conversion of $400,000 in principal and $20,000 of accrued interest, at $6.00 per share.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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