SEC Form 4 · accession 0001437749-16-026078
BGC Group, Inc. · BGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L. P. Cantor Fitzgerald
Director · 10% Owner
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 6:01 pm 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 | Feb 23, 2016 | D | 5,000,000 | $8.72 | D | 17,493,516 | D | |
| Class A Common Stock, par value $0.01 per shareF2 | Feb 23, 2016 | G | 970,639 | $0.00 | D | 16,521,272 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 23, 2016, Cantor Fitzgerald, L.P. ("CFLP") sold 5,000,000 shares of Class A common stock, par value $0.01 per share (the "Class A Common Stock") of BGC Partners, Inc. (the "Company") to the Company in a transaction exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended, at a price equal to the closing price per share of the Class A Common Stock on the date of such sale. This transaction was included in the Company's stock repurchase authorization and was approved by the Audit Committee of the Board of Directors.
- F2Represents a gift of 970,639 shares of Class A Common Stock by CFLP to a charitable organization. These shares were repurchased on the same date by the Company as part of the Company's stock repurchase authorization.