Windeatt Sean A 4
4 · BGC Partners, Inc. · Filed Jun 12, 2023
Insider Transaction Report
Form 4
Windeatt Sean A
COO and Co-CEO
Transactions
- Disposition to Issuer
BGC Holdings Exchangeable Limited Partnership Interests
2023-06-08$4.79/sh−128,279$614,456→ 0 total→ Class A common stock, par value $0.01 per share (128,279 underlying)
Footnotes (2)
- [F1]As previously reported, on April 1, 2021, BGC Partners, Inc. (the "Company") granted the reporting person 128,279 non-exchangeable limited partnership interests (the "2021 Grant") of BGC Holding, L.P. ("BGC Holdings"). Pursuant to the exchange rights schedule of the 2021 Grant, on April 1, 2023, the 128,279 non-exchangeable limited partnership interests of BGC Holdings became immediately exchangeable by the reporting person for an aggregate of 128,279 shares of Class A common stock, par value $0.01 per share ("Class A Common Stock"), of the Company. The 2021 Grant was approved by the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") and was exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F2]On June 8, 2023, the Company repurchased all of such 128,279 exchangeable limited partnership interests held by the reporting person at a price of $4.79 (the "2023 Repurchase"), the closing price of a share of Class A Common Stock on June 8, 2023. The 2023 Repurchase was approved by the Compensation Committee and was exempt pursuant to Rule 16b-3 under the Exchange Act.