SEC Form 4 · accession 0000315858-16-000141
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
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 3:17 pm EST
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 | Dec 15, 2016 | A | 843,804 | $0.00 | A | 1,353,262 | D | |
| Class B Common Stock, par value $0.01 per shareF3 | holding | — | — | — | 1,325,286 | D | ||
| Class A Common Stock, par value $0.01 per shareF3 | holding | — | — | — | 283,566 | 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 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes restricted stock units of 843,804 of the issuer's Class A Common Stock received in exchange for restricted stock units of 156,260 shares of BBX Capital's Class A Common Stock assumed by the issuer, in each case, in connection with the merger of BBX Capital with and into a wholly owned subsidiary of the issuer (the "Merger").
- F2On December 15, 2016, the effective date of the Merger, the closing price of the issuer's Class A Common Stock, as quoted on the OTCQB, was $3.95 per share, and the closing price of BBX Capital's Class A Common Stock, as quoted on the New York Stock Exchange, was $20.05 per share.
- 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.