SEC Form 4 · accession 0001437749-16-026226
BGC Group, Inc. · BGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M Merkel
Officer — EVP, General Counsel and Sec'y
Period of report
Dec 23, 2015
Accepted (ET)
Feb 26, 2016 · 7:04 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 | Dec 23, 2015 | G | 650 | $0.00 | D | 181,502 | D | |
| Class A Common Stock, par value $0.01 per shareF2 | Feb 24, 2016 | D | 120,000 | $8.40 | D | 61,502 | D | |
| Class A Common Stock, par value $0.01 per shareF3 | holding | — | — | — | 16,259 | I | By 401(k) plan | |
| Class A Common Stock, par value $0.01 per share | holding | — | — | — | 2,250 | I | By reporting person's spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a gift of 650 shares of Class A common stock, par value $0.01 per share (the "Class A Common Stock") of BGC Partners, Inc. (the "Company") by the reporting person to two charitable organizations.
- F2Represents shares of Class A Common Stock which were sold by the reporting person to the Company in a transaction exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended. This transaction was included in the Company's stock repurchase authorization and was approved by the Audit Committee of the Board of Directors.
- F3Represents shares of Class A Common Stock held under the Company's 401(k) plan based on a plan statement dated as of January 31, 2016.