SEC Form 4 · accession 0001437749-19-000232
BGC Group, Inc. · BGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean A Windeatt
Officer — Chief Operating Officer
Period of report
Dec 31, 2018
Accepted (ET)
Jan 3, 2019 · 5:43 pm EST
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 Exchangeable Limited Partnership InterestsF1 | — | Dec 31, 2018 | A | 139,265 | A | — | — | Class A Common Stock, par value $0.01 per share | 139,265 | 139,265 | D |
Explanation of responses
- F1On December 31, 2018, BGC Partners, Inc. (the "Company") granted the reporting person 139,265 exchange rights with respect to 139,265 non-exchangeable limited partnership interests of BGC Holdings, L.P. that were previously granted to the reporting person. The resulting 139,265 exchangeable limited partnership interests of BGC Holdings, L.P. are immediately exchangeable by the reporting person for an aggregate of 139,265 shares of Class A Common Stock, par value $0.01 per share, of the Company. This grant was partial compensation for services provided by the reporting person to the Company during 2018. The grant was approved by the Compensation Committee of the Board of Directors of the Company and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.