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Filing Details

Accession Number:: 0000950103-13-006935
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-11-27 19:23:46
Reporting Period:: 2013-11-26

Filing Date:: 2013-11-27
Accepted Time:: 2013-11-27 19:23:46
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1371446	Fbr & Co.	FBRC	Security Brokers, Dealers & Flotation Companies (6211)	000000000

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1303158	Crestview Offshore Holdings (Cayman), L.p.	C/O Crestview Partners Gp, L.p. 667 Madison Avenue New York NY 10065	Yes	No	Yes	No
1303183	Crestview Partners, L.p.	C/O Crestview Partners Gp, L.p. 667 Madison Avenue New York NY 10065	Yes	No	Yes	No
1322690	Crestview Holdings (Te), L.p.	C/O Crestview Partners Gp, L.p. 667 Madison Avenue New York NY 10065	Yes	No	Yes	No
1336205	Crestview Partners (Erisa), L.p.	C/O Crestview Partners Gp, L.p. 667 Madison Avenue New York NY 10065	Yes	No	Yes	No
1339026	Crestview Partners (Pf), L.p.	C/O Crestview Partners Gp, L.p. 667 Madison Avenue New York NY 10065	Yes	No	Yes	No
1402174	Crestview Partners Gp, L.p.	667 Madison Avenue, 10Th Floor New York NY 10065	Yes	No	Yes	No
1402596	Forest Holdings (Erisa) Llc	C/O Crestview Partners Gp, L.p. 667 Madison Avenue New York NY 10065	Yes	No	Yes	No
1402597	Forest Holdings Llc	C/O Crestview Partners Gp, L.p. 667 Madison Avenue New York NY 10065	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share ("Common Stock")	Disposition	2013-11-26	1,389,480	$25.75	0	No	4	S	Indirect	See footnotes.
Common Stock	Acquisiton	2013-11-26	61,224	$10.96	61,224	No	4	M	Indirect	See footnote.
Common Stock	Acquisiton	2013-11-26	26,108	$14.52	87,332	No	4	M	Indirect	See footnote.
Common Stock	Disposition	2013-11-26	87,332	$25.75	0	No	4	S	Indirect	See footnote.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes.
No	4	M	Indirect	See footnote.
No	4	M	Indirect	See footnote.
No	4	S	Indirect	See footnote.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Option (Right to Buy) ("Option")	Acquisiton	2013-11-26	61,224	$0.00	61,224	$10.96
Common Stock	Option	Acquisiton	2013-11-26	26,108	$0.00	26,108	$14.52

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2013-06-05	2016-06-05	No	4	M	Indirect
0	2012-06-01	2015-06-01	No	4	M	Indirect

Footnotes

This Form 4 is being filed by more than one reporting person. Crestview Partners GP, L.P. is the general partner of Crestview Partners, L.P., Crestview Offshore Holdings (Cayman), L.P., Crestview Partners (PF), L.P., Crestview Holdings (TE), L.P. and Crestview Partners (ERISA), L.P.
Crestview Partners, L.P., Crestview Offshore Holdings (Cayman), L.P., Crestview Partners (PF), L.P. and Crestview Holdings (TE), L.P. are members of Forest Holdings LLC, which on November 26, 2013 sold 1,317,692 shares of common stock of the issuer and is no longer a record owner of any shares of common stock of the issuer following the reported transactions. Crestview Partners (ERISA), L.P. is the sole member of Forest Holdings (ERISA) LLC, which on November 26, 2013 sold 71,788 shares of common stock of the issuer and is no longer the record owner of any shares of common stock of the issuer following the reported transactions. Each reporting person disclaims beneficial ownership of the reported securities except and to the extent of its pecuniary interest therein.
On November 26, 2013, Crestview Advisors, L.L.C., which provides investment advisory and management services to certain of the reporting persons, exercised 61,224 options to buy shares of common stock of the issuer at an exercise price of $10.96 per share and 26,108 options to buy shares of common stock of the issuer at an exercise price of $14.52 per share, and sold the shares underlying such options to the Company at a price of $25.75 per share. Each reporting person disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein, if any.