SEC Form 4 · accession 0000315858-15-000073
BBX Capital Corp · BBX/BBXTB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Seth M Wise
Officer — Executive Vice President · Director
Period of report
Sep 30, 2015
Accepted (ET)
Oct 2, 2015 · 6:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000315858
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,F2,F3,F4 | Sep 30, 2015 | F | 152,725 | $2.80 | D | 380,287 | D | |
| Class B Common Stock, par value $0.01 per shareF5,F3,F6 | Sep 30, 2015 | P$0 | 202,815 | — | A | 978,349 | D | |
| Class A Common Stock, par value $0.01 per shareF4 | holding | — | — | — | 556,020 | I | By Seth M. Wise Rev Trust DTD July 20, 2004 | |
| Class A Common Stock, par value $0.01 per share | holding | — | — | — | 247 | I | By Spouse's IRA | |
| Class B Common Stock, par value $0.01 per shareF6 | holding | — | — | — | 128,868 | I | By Seth M. Wise Rev Trust DTD July 20, 2004 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares surrendered to the issuer to satisfy the issuer's tax withholding obligation relating to the vesting on September 30, 2015 of certain previously reported restricted stock awards granted to the reporting person. These shares have been cancelled and retired by the issuer.
- F2Represents the closing price of the issuer's Class A Common Stock on September 29, 2015.
- F3Shares of the issuer's Class B Common Stock are convertible on a share-for-share basis into the issuer's Class A Common Stock at any time in the holder's discretion.
- F4On September 30, 2015, the reporting person transferred 272,454 shares of the issuer's Class A Common Stock from his direct holdings to his indirect holdings through the trust. These share amounts reflect that transfer.
- F5Pursuant to the previously disclosed Share Exchange Agreement entered into by the reporting person and the issuer on September 4, 2015, on September 30, 2015, the reporting person received 202,815 shares of the issuer's Class B Common Stock in exchange for 36,922 shares of Class A Common Stock of BBX Capital Corporation ("BBX Capital"). The closing price of the issuer's Class B Common Stock and BBX Capital's Class A Common Stock on September 29, 2015 was $2.88 per share and $15.82 per share, respectively.
- F6On September 30, 2015, the reporting person transferred 128,868 shares of the issuer's Class B Common Stock from his direct holdings to his indirect holdings through the trust. These share amounts reflect that transfer.