SEC Form 4 · accession 0001437749-18-003700
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
Feb 28, 2018
Accepted (ET)
Mar 1, 2018 · 7:28 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 share | Dec 13, 2016 | G | 3,300 | $0.00 | D | 36,136 | D | |
| Class A Common Stock, par value $0.01 per share | Jul 20, 2017 | G | 4,000 | $0.00 | D | 32,136 | D | |
| Class A Common Stock, par value $0.01 per share | Oct 3, 2017 | G | 350 | $0.00 | D | 31,786 | D | |
| Class A Common Stock, par value $0.01 per share | Oct 13, 2017 | G | 5,660 | $0.00 | D | 26,126 | D | |
| Class A Common Stock, par value $0.01 per share | Dec 7, 2017 | G | 2,250 | $0.00 | D | 23,876 | D | |
| Class A Common Stock, par value $0.01 per share | Dec 19, 2017 | G | 790 | $0.00 | D | 23,086 | D | |
| Class A Common Stock, par value $0.01 per shareF2 | holding | — | — | — | 21,200 | 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
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BGC Holdings Exchangeable PSU Limited Partnership InterestsF3 | — | Feb 28, 2018 | A | 110,000 | A | — | — | Class A Common Stock, par value $0.01 per share | 110,000 | 110,000 | D |
Explanation of responses
- F1Represents gifts of shares of BGC Partners, Inc. Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), by the reporting person to various charitable organizations.
- F2Represents shares of Class A Common Stock held in the reporting person's 401(k) account as of February 28, 2018.
- F3On February 28, 2018, the reporting person was granted 110,000 exchange rights with respect to 110,000 non-exchangeable PSU limited partnership interests of BGC Holdings that were originally granted to the reporting person in 2015. The resulting 110,000 exchangeable PSU limited partnership interests of BGC Holdings, together with a certain number of exchangeable limited partnership interests of Newmark Holdings, are immediately exchangeable by the reporting person for an aggregate of 110,000 shares of Class A Common Stock.