Simon Daniel J 4
4 · BioFuel Energy Corp. · Filed Nov 19, 2009
Insider Transaction Report
Form 4
Simon Daniel J
Exec. Vice President, COO
Transactions
- Conversion
Common Stock
2009-10-27+400,000→ 400,000 total - Conversion
Membership Units in BioFuel Energy, LLC
2009-10-27−400,000→ 473,860 totalExercise: $0.00→ Common Stock (400,000 underlying) - Other
Class B Common Stock
2009-10-27−400,000→ 473,860 total
Footnotes (2)
- [F1]Pursuant to the Second Amended and Restated LLC Agreement of BioFuel Energy, LLC, Mr. Simon elected to convert 400,000 LLC membership units into Common Stock of the issuer, on a one-for-one basis. Upon such conversion an equivalent number of Class B Common shares of the issuer attributable to such exchanged LLC units were retired without further action.
- [F2]Pursuant to the Second Amended and Restated LLC Agreement of BioFuel Energy, LLC, unit holders are entitled to convert their membership units into Common Stock of the issuer on a one-for-one basis. Upon such conversion, an equivalent number of Class B common shares of the issuer attributable to such membership units become retired without further action. This conversion right continues for an indefinite period until termination and dissolution of BioFuel Energy LLC in accordance with the Agreement.