SEC Form 4 · accession 0001437749-16-039165
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
Sep 23, 2016
Accepted (ET)
Sep 27, 2016 · 5:26 pm EDT
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 | Sep 23, 2016 | J | 93,816 | $0.00 | A | 2,808,943 | D | |
| Class A Common Stock, par value $0.01 per shareF1,F2 | Sep 23, 2016 | J | 2,228,860 | $0.00 | D | 14,252,875 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 23, 2016, Cantor Fitzgerald, L.P. ("CFLP") distributed to its partners pro rata an aggregate of 2,228,860 shares of BGC Partners, Inc. Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), which includes the 93,816 shares of Class A Common Stock referred to in the first row of Table I that were acquired by CF Group Management, Inc. ("CFGM") in a transaction exempt under Rule 16a-9(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The shares of Class A Common Stock distributed by CFLP are outstanding and do not impact the fully diluted share count of BGC Partners, Inc. The reporting person does not currently intend to sell these shares.
- F2These shares of Class A Common Stock are held by CFLP. CFGM is the Managing General Partner of CFLP. CFGM disclaims beneficial ownership of all such shares in excess of its pecuniary interest, if any, and this report shall not be deemed an admission that CFGM is the beneficial owner of, or has pecuniary interest in, any such excess shares for purposes of Section 16 of the Exchange Act or for any other purpose.