Pearce Scott H 4
4 · BioFuel Energy Corp. · Filed Jun 14, 2011
Insider Transaction Report
Form 4
Pearce Scott H
DirectorPresident & CEO
Transactions
- Conversion
Membership Units in BioFuel Energy, LLC
2011-06-10−400,000→ 928,837 totalExercise: $0.00→ Common Stock (400,000 underlying) - Conversion
Common Stock
2011-06-10+400,000→ 980,712 total - Other
Class B Common Stock
2011-06-10−400,000→ 928,837 total
Footnotes (2)
- [F1]Pursuant to the Third Amended and Restated LLC Agreement of BioFuel Energy, LLC, Mr. Pearce converted 400,000 LLC membership common 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 Third Amended and Restated LLC Agreement of BioFuel Energy, LLC, the conversion right of common unit holders continues for an indefinite period until termination and dissolution of BioFuel Energy, LLC in accordance with the Agreement.