4//SEC Filing
BFC FINANCIAL CORP 4
Accession 0000315858-14-000007
CIK 0000315858operating
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 2:52 PM ET
Size
19.3 KB
Accession
0000315858-14-000007
Insider Transaction Report
Form 4
BFC FINANCIAL CORPBFCF/BFCFB
STERLING NEIL
Director
Transactions
- Sale
Class A Common Stock, par value $0.01 per share
2014-03-21$3.55/sh−45,701$162,175→ 0 total - Exercise/Conversion
Class B Stock Option
2014-03-21−6,250→ 0 totalExercise: $0.41From: 2004-07-28Exp: 2014-07-28→ Class B Common Stock, par value $0.01 per share (6,250 underlying) - Exercise/Conversion
Class B Common Stock, par value $0.01 per share
2014-03-21$0.41/sh+6,250$2,563→ 6,250 total - Conversion
Class A Common Stock, par value $0.01 per share
2014-03-21+6,250→ 45,701 total - Sale
Class A Common Stock, par value $0.01 per share
2014-03-20$3.77/sh−12,875$48,595→ 14,303 total - Exercise/Conversion
Class A Common Stock, par value $0.01 per share
2014-03-21$0.41/sh+25,148$10,311→ 39,451 total - Conversion
Class B Common Stock, par value $0.01 per share
2014-03-21−6,250→ 0 total→ Class A Common Stock, par value $0.01 per share (6,250 underlying) - Exercise/Conversion
Class A Stock Option
2014-03-21−25,148→ 0 totalExercise: $0.41From: 2007-06-04Exp: 2017-06-04→ Class A Common Stock, par value $0.01 per share (25,148 underlying)
Footnotes (3)
- [F1]As set forth in the third row of Table I and the second row of Table II, on March 21, 2014, the reporting person exercised an option to purchase 6,250 shares of the issuer's Class B Common Stock. As set forth in the fourth row of Table I and the third row of Table II, immediately following the option exercise described in the preceding sentence, the reporting person converted the 6,250 shares of the issuer's Class B Common Stock acquired upon the option exercise into the same number of shares of the issuer's Class A Common Stock. As a result of the conversion of those 6,250 shares of the issuer's Class B Common Stock, the reporting person does not currently beneficially own any shares of the issuer's Class B Common Stock. The issuer's Class B Common Stock was convertible into the issuer's Class A Common Stock at any time on a one-for-one basis, and had no expiration date.
- [F2]Represents the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $3.76 per share to $3.81 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the preceeding sentence.
- [F3]Represents the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $3.53 per share to $3.62 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the preceeding sentence.
Documents
Issuer
BFC FINANCIAL CORP
CIK 0000315858
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000315858
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 2:52 PM ET
- Size
- 19.3 KB