SEC Form 4 · accession 0001144204-15-005036
Global Brokerage, Inc. · GLBR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eduard Yusupov
Officer — See Remarks · Director · 10% Owner
Period of report
Jan 28, 2015
Accepted (ET)
Jan 30, 2015 · 4:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001499912
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF3 | Jan 28, 2015 | S | 448,905 | $2.41 | D | 751,095 | D | |
| Class A Common StockF4 | Jan 29, 2015 | S | 595,000 | $2.27 | D | 156,095 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Units of FXCM Holdings LLCF1 | — | holding | — | — | — | — | — | Class A Common Stock | 3,733,356 | 3,733,356 | D |
Explanation of responses
- F1Pursuant to the terms of an exchange agreement, as of December 7, 2011, units of FXCM Holdings LLC are exchangeable for shares of Class A common stock of FXCM Inc. on a one-for-one basis.
- F2The reporting person had pledged 1,200,000 units of FXCM Holdings, LLC with a broker as collateral for a margin loan. Due to events in the currency markets on January 15, 2015, the broker foreclosed on such units by exercising its right under the pledge agreement to cause the reporting person to exchange such units into shares of Class A Common Stock. A portion of such shares were sold to satisfy the reporting person's obligations in connection with the margin loan.
- F3This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.40 to $2.43, inclusive. The reporting person undertakes to provide to FXCM Inc., any security holder of FXCM Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.16 to $2.3625, inclusive. The reporting person undertakes to provide to FXCM Inc., any security holder of FXCM Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Remarks
Global Head of Dealing and Managing Director