4//SEC Filing
Lynn Shaun D 4
Accession 0001181431-12-017467
CIK 0001094831other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 8:36 PM ET
Size
8.1 KB
Accession
0001181431-12-017467
Insider Transaction Report
Form 4
Lynn Shaun D
President
Transactions
- Award
BGC Holdings Exchangeable PSU Limited Partnership Interests
2011-12-30+565,178→ 565,178 total→ Class A Common Stock, par value $0.01 per share (565,178 underlying) - Disposition to Issuer
BGC Holdings Exchangeable Founding Partner Interests
2011-12-30$6.17/sh−938,000$5,787,460→ 727,897 total→ Class A Common Stock, par value $0.01 per share (938,000 underlying)
Footnotes (2)
- [F1]On December 30, 2011, the reporting person was granted 565,178 exchange rights with respect to 565,178 non-exchangeable PSU limited partnership interests of BGC Holdings that were originally granted to the reporting person in 2010. The resulting 565,178 exchangeable PSU limited partnership interests of BGC Holdings are immediately exchangeable by the reporting person for 565,178 shares of the Class A Common Stock.
- [F2]On December 30, 2011, the reporting person sold to the Company 938,000 exchangeable Founding Partner Interests of BGC Holdings for an aggregate cash payment of $5,783,674, based on the weighted-average price received by the Company for a share of the Class A Common Stock in the Company's controlled equity offering for the month of January 2012, less 2%.
Documents
Issuer
BGC Partners, Inc.
CIK 0001094831
Entity typeother
Related Parties
1- filerCIK 0001431139
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 8:36 PM ET
- Size
- 8.1 KB