BURNS BRIAN P 4
4 · BF ENTERPRISES INC · Filed Sep 23, 2003
Insider Transaction Report
Form 4
BURNS BRIAN P
DirectorChairman of the Board, CEO10% Owner
Transactions
- Exercise/Conversion
Common Stock par value $.10 per share
2003-09-19$2.88/sh+80,000$230,000→ 1,013,138 total - Exercise/Conversion
Options to purchase Common Stock
2003-09-19−80,000→ 0 totalExercise: $2.88From: 1993-11-15Exp: 2003-11-15→ Common Stock (80,000 underlying) - Tax Payment
Common Stock par value $.10 per share
2003-09-19$9.09/sh−45,788$416,213→ 967,350 total
Footnotes (2)
- [F1]Excludes all shares now or hereafter owned by Messrs. Paul Woodberry, Stuart Aronoff, Douglas Post and certain others as to which Mr. Burns has rights of first refusal with respect to future sales. An aggregate of at least 215,582 of the outstanding shares of Common Stock are subject to these rights as of September 22, 2003.
- [F2]These options were granted pursuant to the Issuer's 1993 Long Term Equity Incentive Plan, and were exempt from Section 16 pursuant to Rule 16b-3.