SEC Form 4 · accession 0001437749-15-022762
BGC Group, Inc. · BGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
CF GROUP MANAGEMENT INC
Director · 10% Owner
Period of report
Dec 21, 2015
Accepted (ET)
Dec 24, 2015 · 9:36 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001094831
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $0.01 per shareF1 | Dec 21, 2015 | J | 115,443 | $0.00 | A | 2,715,127 | D | |
| Class A Common Stock, par value $0.01 per shareF1,F2 | Dec 21, 2015 | J | 2,503,522 | $0.00 | D | 23,493,516 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 21, 2015, Cantor Fitzgerald, L.P. ("CFLP") distributed to its partners pro rata an aggregate of 2,503,522 shares of BGC Partners, Inc. Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), which includes the 115,443 shares of Class A Common Stock referred to in the first row of Table 1 that were acquired by CF Group Management, Inc. ("CFGM") in a transaction exempt under Rule 16a-9(a). The shares distributed by CFLP are already outstanding shares of BGC Partners, Inc. and will not impact the fully diluted shares outstanding of BGC Partners, Inc.
- F2CFGM is the Managing General Partner of CFLP, and the reporting person is the Chief Executive Officer and sole stockholder of CFGM. KBCR is a non-managing General Partner of CFLP, and the reporting person is the managing member of KBCR. The reporting person is the managing member of LFA. The reporting person disclaims beneficial ownership of all shares held by CFLP, CFGM, KBCR and LFA in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he is he beneficial owner of, or has pecuniary interest in, any such excess shares for the purposes of Section 16 of the Exchange Act or for any other purpose.