SEC Form 4 · accession 0001437749-17-016804
BGC Group, Inc. · BGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John H Dalton
Director
Period of report
Oct 4, 2017
Accepted (ET)
Oct 4, 2017 · 5:35 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 | Oct 4, 2017 | M | 7,085 | $10.23 | A | 139,622 | D | |
| Class A Common Stock, par value $0.01 per shareF2,F1 | Oct 4, 2017 | G | 7,085 | $0.00 | D | 132,537 | D | |
| Class A Common Stock, par value $0.01 per shareF2 | Oct 4, 2017 | G | 7,085 | $0.00 | A | 15,040 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $10.23 | Oct 4, 2017 | M | 7,085 | D | Dec 13, 2007 | Dec 13, 2017 | Class A Common Stock, par value $0.01 per share | 7,085 | 0 | D |
Explanation of responses
- F1Includes 6,961 shares of Class A Common Stock represented by 6,961 restricted stock units ("RSUs") granted under the BGC Partners, Inc. (the "Company") Long Term Incentive Plan, as amended. Each RSU represents a contingent right to receive one share of Class A Common Stock. Of the 6,961 RSUs, (i) 2,825 RSUs were granted on June 22, 2016 and will vest on June 22, 2018; and (ii) 4,136 RSUs were granted on June 6, 2017, of which 2,068 RSUs will vest on June 6, 2018 and 2,068 RSUs will vest on June 6, 2019, provided that the reporting person continues to serve as a member of the Board of Directors of the Company on all such dates.
- F2Reflects a gift of shares of Class A Common Stock by the reporting person to a trust for the benefit of the reporting person's family.