4//SEC Filing
Windeatt Sean A 4
Accession 0001437749-19-004107
CIK 0001094831other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 6:25 PM ET
Size
6.5 KB
Accession
0001437749-19-004107
Insider Transaction Report
Form 4
Windeatt Sean A
COO and Co-CEO
Transactions
- Disposition to Issuer
BGC Holdings Exchangeable Limited Partnership Interests
2019-03-01−139,265→ 0 total→ Class A Common Stock, par value $0.01 per share (139,265 underlying)
Footnotes (2)
- [F1]On December 31, 2018, BGC Partners, Inc. (the "Company") granted the reporting person 139,265 exchange rights with respect to 139,265 non-exchangeable limited partnership interests of BGC Holdings, L.P. ("BGC Holdings") that were previously granted to the reporting person. The resulting 139,265 exchangeable limited partnership interests of BGC Holdings were immediately exchangeable by the reporting person for an aggregate of 139,265 shares of Class A common stock, par value $0.01 per share, of the Company (the "Class A common stock"). The grant was approved by the Compensation Committee of the Board of Directors of the Company and was exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F2]On March 1, 2019, the Company repurchased 125,686 of such 139,265 exchangeable limited partnership interests held by Mr. Windeatt at the average price of shares of Class A common stock sold under the Company's controlled equity offering from February 25, 2019 to March 1, 2019 less 1% ($6.1090 per limited partnership interest, for an aggregate purchase price of approximately $767,800). In connection with such repurchase, the remaining 13,579 of such 139,265 exchangeable limited partnership interests held by Mr. Windeatt were redeemed for zero. The transactions were approved by the Compensation Committee of the Board of Directors of the Company and are exempt pursuant to Rule 16b-3 under the Exchange Act.
Documents
Issuer
BGC Partners, Inc.
CIK 0001094831
Entity typeother
Related Parties
1- filerCIK 0001450108
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 6:25 PM ET
- Size
- 6.5 KB