GILBERT GLEN R 4

4 · BFC FINANCIAL CORP · Filed Jun 21, 2005

Form 4

Period: 2005-06-17

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 total
Exercise: $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

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