SEC Form 4 · accession 0000921768-15-000086
BBX CAPITAL CORP · BBX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
BFC FINANCIAL CORP
10% Owner
Period of report
Sep 30, 2015
Accepted (ET)
Oct 2, 2015 · 5:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921768
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 | Sep 30, 2015 | P$0 | 221,821 | — | A | 13,126,354 | D | |
| Class A Common Stock, par value $0.01 per shareF3 | holding | — | — | — | 20 | I | By Eden Services, Inc. | |
| Class A Common Stock, par value $0.01 per shareF4 | holding | — | — | — | 22 | I | By ODI Program Partnership, LLLP | |
| Class B Common Stock, par value $0.01 per shareF2 | holding | — | — | — | 195,045 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the previously disclosed Share Exchange Agreement entered into by the reporting person and certain of the issuer's executive officers (the "Executives") on September 4, 2015, on September 30, 2015, the reporting person received 221,821 shares of the issuer's Class A Common Stock in exchange for the issuance of a total of 1,218,476 shares of the reporting person's Class B Common Stock to the Executives. The closing price of the issuer's Class A Common Stock and the reporting person's Class B Common Stock on September 29, 2015 was $15.82 per share and $2.88 per share, respectively.
- F2Shares 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 reporting person's discretion. The previous Form 4 filed by the reporting person understated the reporting person's holdings of the issuer's Class A Common Stock by one share.
- F3Eden Services, Inc. is a direct wholly owned subsidiary of the reporting entity.
- F4ODI Program GP Corporation, an indirect wholly owned subsidiary of the reporting entity, is the general partner of ODI Program Partnership, LLLP.