4//SEC Filing
GILBERT GLEN R 4
Accession 0001217545-05-000001
CIK 0000315858other
Filed
Jun 20, 8:00 PM ET
Accepted
Jun 21, 9:58 PM ET
Size
14.3 KB
Accession
0001217545-05-000001
Insider Transaction Report
Form 4
GILBERT GLEN R
Executive Vice PresidentOther
Transactions
- Sale
Common Stock Class A
2005-06-21$8.50/sh−100,672$855,712→ 13,578 total - Conversion
Class B Common Stock
2005-06-17−100,672→ 25,022 total→ Common Stock Class A (125,694 underlying) - Conversion
Common Stock Class A
2005-06-17$1.45/sh+100,672$145,974→ 114,251 total - Exercise/Conversion
Stock Option
2005-06-17$1.45/sh−100,672$145,974→ 137,763 totalExercise: $1.45From: 2002-07-01Exp: 2007-07-01→ Common Stock Class B (238,435 underlying) - Exercise/Conversion
Class B Common Stock
2005-06-17+100,672→ 125,694 total→ Common Stock Class A (100,672 underlying)
Footnotes (5)
- [F1]All units are held jointly with spouse.
- [F2]Class B common stock is convertible on a share for share basis with Class A common stock.
- [F3]Immediately convertible.
- [F4]No expiration date.
- [F5]Options to acquire Class B Common Stock were exercised on June 17, 2005. The shares of Class B Common Stock received upon exercise were converted on a share for share basis in accordance with the terms of the securities into Class A Common Stock. The Class A Common Stock was sold in an underwritten public offering at a price to the public of $8.50 per share. Net proceeds after underwriters' discount was $7.905 per share.
Documents
Issuer
BFC FINANCIAL CORP
CIK 0000315858
Entity typeother
Related Parties
1- filerCIK 0001217545
Filing Metadata
- Form type
- 4
- Filed
- Jun 20, 8:00 PM ET
- Accepted
- Jun 21, 9:58 PM ET
- Size
- 14.3 KB