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Filing Details

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
1199943	B Alan Levan	401 East Las Olas Boulevard Suite 800 Fort Lauderdale FL 33301	Chairman, Ceo & President	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock, Par Value $0.01 Per Share	Disposition	2014-04-07	19,224	$3.60	2,443,714	No	4	S	Direct
Class A Common Stock, Par Value $0.01 Per Share	Disposition	2014-04-07	29,368	$3.60	5,895,980	No	4	S	Indirect	By Levan Partners, LLC
Class A Common Stock, Par Value $0.01 Per Share	Disposition	2014-04-08	9,891	$3.60	5,886,089	No	4	S	Indirect	By Levan Partners, LLC
Class A Common Stock, Par Value $0.01 Per Share	Disposition	2014-04-08	173	$3.62	5,885,916	No	4	S	Indirect	By Levan Partners, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	By Levan Partners, LLC
No	4	S	Indirect	By Levan Partners, LLC
No	4	S	Indirect	By Levan Partners, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock, Par Value $0.01 Per Share	1,270,294	Indirect	By Florida Partners Corporation
Class A Common Stock, Par Value $0.01 Per Share	11,440	Indirect	By spouse
Class A Common Stock, Par Value $0.01 Per Share	12,237	Indirect	By Jarett Levan Children's Trust
Class A Common Stock, Par Value $0.01 Per Share	12,237	Indirect	By Donald Levan Children's Trust
Class A Common Stock, Par Value $0.01 Per Share	12,237	Indirect	By Rachelle Levan Children's Trust
Class B Common Stock, Par Value $0.01 Per Share	291,829	Direct
Class B Common Stock, Par Value $0.01 Per Share	2,019,456	Indirect	By Levan BFC Stock Partners, LP
Class B Common Stock, Par Value $0.01 Per Share	707,882	Indirect	By Levan Partners, LLC
Class B Common Stock, Par Value $0.01 Per Share	133,314	Indirect	By Florida Partners Corporation
Class B Common Stock, Par Value $0.01 Per Share	1,200	Indirect	By spouse

Footnotes

Shares of the issuer's Class B Common Stock are convertible on a share-for-share basis into the issuer's Class A Common Stock at any time in the holder's discretion.
The sales reported in this Form 4 were effected pursuant to the previously disclosed Rule 10b5-1 Trading Plans entered into by the reporting person and Levan Partners LLC on March 18, 2014.
The shares held by Levan Partners LLC were previously reported as being held by Levan Enterprises, Ltd. and/or I.R.E. Properties, Inc. Levan Enterprises, Ltd. and I.R.E. Properties, Inc. were liquidated and dissolved during December 2013, and their respective assets, including the shares of the issuer's Class A Common Stock and Class B Common Stock that were held, were transferred to Levan Partners LLC. In addition, the shares of the issuer's Class A Common Stock held by each of the trusts were previously reported as being held by Levan Enterprises, Ltd.