Filing Details
- Accession Number:
- 0000315858-14-000029
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-06-04 19:14:04
- Reporting Period:
- 2014-06-02
- Filing Date:
- 2014-06-04
- Accepted Time:
- 2014-06-04 19:14:04
- 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 |
|---|---|---|---|---|---|---|---|
| 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 | 2014-06-02 | 19,224 | $3.95 | 2,405,266 | No | 4 | S | Direct | |
| Class A Common Stock, Par Value $0.01 Per Share | Disposition | 2014-06-02 | 85,334 | $3.97 | 5,273,348 | No | 4 | S | Indirect | By Levan Partners, LLC |
| Class A Common Stock, Par Value $0.01 Per Share | Disposition | 2014-06-03 | 12,000 | $3.86 | 5,261,348 | No | 4 | S | Indirect | By Levan Partners, LLC |
| Class A Common Stock, Par Value $0.01 Per Share | Acquisiton | 2014-06-03 | 152,680 | $0.41 | 2,557,946 | No | 4 | M | Direct | |
| Class A Common Stock, Par Value $0.01 Per Share | Disposition | 2014-06-03 | 119,183 | $3.86 | 2,438,763 | No | 4 | F | Direct | |
| Class A Common Stock, Par Value $0.01 Per Share | Disposition | 2014-06-04 | 8,200 | $3.86 | 5,253,148 | No | 4 | S | Indirect | By Levan Partners, LLC |
| Class B Common Stock, Par Value $0.01 Per Share | Acquisiton | 2014-06-03 | 93,750 | $0.41 | 385,579 | No | 4 | M | Direct |
| 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 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Indirect | By Levan Partners, LLC |
| No | 4 | M | Direct |
Reported Derivative Transactions
| 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 | 2014-06-03 | 152,680 | $0.00 | 152,680 | $0.41 |
| Class B Common Stock, Par Value $0.01 Per Share | Class B Stock Option | Disposition | 2014-06-03 | 93,750 | $0.00 | 93,750 | $0.41 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2014-09-21 | No | 4 | M | Direct | |
| 0 | 2009-07-28 | 2014-07-28 | No | 4 | M | Direct |
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 | 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.
- These sales 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.
- Represents the weighted average sales price. Shares were sold in multiple transactions on June 2, 2014 at prices ranging from $3.92 per share to $4.05 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 this footnote.
- Represents the weighted average sales price. Shares were sold in multiple transactions on June 2, 2014 at prices ranging from $3.92 per share to $4.05 per share, inclusive. Shares were sold in multiple transactions on June 3, 2014 at prices ranging from $3.86 per share to $3.87 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 ranges set forth in this footnote.
- Options vested in four equal annual installments beginning on September 21, 2010.
- Represents shares withheld by the issuer from the shares that otherwise would have been issuable to the reporting person in connection with his exercise of the stock options reported herein as payment of the exercise price of such options and in satisfaction of the issuer's tax withholding obligation relating to the exercise of such options. 73,463 shares and 45,720 shares were withheld with respect to the exercise of the Class A Stock Option and Class B Stock Option, respectively.
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