Pearce Scott H 4
4 · BioFuel Energy Corp. · Filed Jun 13, 2012
Insider Transaction Report
Form 4
Pearce Scott H
DirectorPresident & CEO
Transactions
- Other
Class B common stock, par value $0.01
2012-06-08−300,000→ 628,837 total - Conversion
Common Stock, par value $0.01
2012-06-08+300,000→ 1,757,612 total - Conversion
BioFuel Energy, LLC Membership Units
2012-06-08−300,000→ 628,837 totalExercise: $0.00→ Common Stock, par value $0.01 (300,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Third Amended and Restated LLC Agreement of BioFuel Energy, LLC, Mr. Pearce converted 300,000 LLC common 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 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.