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Filing Details

Accession Number:: 0000315858-14-000007
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-03-24 14:52:54
Reporting Period:: 2014-03-20

Filing Date:: 2014-03-24
Accepted Time:: 2014-03-24 14:52:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
315858	Bfc Financial Corp	BFCF/BFCFB	Savings Institution, Federally Chartered (6035)	592022148

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1217548	Neil Sterling	401 East Las Olas Blvd Suite 800 Fort Lauderdale FL 33301		Yes	No	No	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
Class A Common Stock, Par Value $0.01 Per Share	Disposition	2014-03-20	12,875	$3.77	14,303	No	4	S	Direct
Class A Common Stock, Par Value $0.01 Per Share	Acquisiton	2014-03-21	25,148	$0.41	39,451	No	4	M	Direct
Class B Common Stock, Par Value $0.01 Per Share	Acquisiton	2014-03-21	6,250	$0.41	6,250	No	4	M	Direct
Class A Common Stock, Par Value $0.01 Per Share	Acquisiton	2014-03-21	6,250	$0.00	45,701	No	4	C	Direct
Class A Common Stock, Par Value $0.01 Per Share	Disposition	2014-03-21	45,701	$3.55	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock, Par Value $0.01 Per Share	Class A Stock Option	Disposition	2014-03-21	25,148	$0.00	25,148	$0.41
Class B Common Stock, Par Value $0.01 Per Share	Class B Stock Option	Disposition	2014-03-21	6,250	$0.00	6,250	$0.41
Class A Common Stock, Par Value $0.01 Per Share	Class B Common Stock, par value $0.01 per share	Disposition	2014-03-21	6,250	$0.00	6,250	$0.00

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2007-06-04	2017-06-04	No	4	M	Direct
2004-07-28	2014-07-28	No	4	M	Direct
		No	4	C	Direct

Footnotes

As set forth in the third row of Table I and the second row of Table II, on March 21, 2014, the reporting person exercised an option to purchase 6,250 shares of the issuer's Class B Common Stock. As set forth in the fourth row of Table I and the third row of Table II, immediately following the option exercise described in the preceding sentence, the reporting person converted the 6,250 shares of the issuer's Class B Common Stock acquired upon the option exercise into the same number of shares of the issuer's Class A Common Stock. As a result of the conversion of those 6,250 shares of the issuer's Class B Common Stock, the reporting person does not currently beneficially own any shares of the issuer's Class B Common Stock. The issuer's Class B Common Stock was convertible into the issuer's Class A Common Stock at any time on a one-for-one basis, and had no expiration date.
Represents the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $3.76 per share to $3.81 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the preceeding sentence.
Represents the weighted average sales price. These shares were sold in multiple transactions at prices ranging from $3.53 per share to $3.62 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in the preceeding sentence.