SEC Form 4 · accession 0001437749-18-006345
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
Apr 2, 2018
Accepted (ET)
Apr 4, 2018 · 5:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001094831
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BGC Holdings, L.P. Exchangeable PSU Limited Partnership InteF1,F2 | — | Apr 2, 2018 | D | 110,000 | D | — | — | Class A Common Stock, par value $0.01 per share | 110,000 | 0 | D |
Explanation of responses
- F1On April 2, 2018, 110,000 exchangeable limited partnership interests of BGC Holdings, L.P., together with a certain number of exchangeable limited partnership interests of Newmark Holdings, L.P., held by the reporting person were exchanged for cash in an exempt transaction with BGC Partners, Inc. (the "Company") pursuant to Rule 16b-3 under the Securities Act of 1934, as amended, at a price per limited partnership interest equal to $12.79, which was the average price received by the Company for a share of the Company's Class A common stock, par value $0.01 per share, sold in the Company's controlled equity offering on April 2, 2018, less 2%.
- F2Not applicable.