Form 4 for BGC BGC Group, Inc.
Accepted 2021-07-01 00:00:00 ET · period of report 2021-06-28 · accession 0001437749-21-016198 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-07-01 | 2021-06-28 | BGC | LUTNICK HOWARD W | COB, CEO, Dir, 10% | M - OptEx | — | +520.4K | 14.53M | +4% | — |
| D | 2021-07-01 | 2021-06-28 | BGC | LUTNICK HOWARD W | COB, CEO, Dir, 10% | F - Tax | — | -202.3K | 14.41M | -1% | — |
| D | 2021-07-01 | 2021-06-28 | BGC | LUTNICK HOWARD W | COB, CEO, Dir, 10% | A - Grant | — | +88.6K | 14.62M | +0.6% | — |
| D | 2021-07-01 | 2021-06-28 | BGC | LUTNICK HOWARD W | COB, CEO, Dir, 10% | M - OptEx | — | -520.4K | 520.4K | -50% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock, par value $0.01 per share | 2021-06-28 | M | A | 520,380 | — | 14,527,439 | D | — | — | (F1) On June 28, 2021, 520,380 exchangeable limited partnership units of BGC Holdings, L.P. ("Holdings Units") held by the reporting person were exchanged into 520,380 shares of BGC Partners, Inc. (the "Company") Class A common stock, par value $0.01 per share ("Class A Common Stock"). Exchangable Holdings Units are exchangeable by the holder at any time into shares of Class A Common Stock. (F2) The shares of Class A Common Stock held directly by the reporting person consists of (i) 5,440,032 shares held by the reporting person, and (ii) 8,973,721 shares receivable by the reporting person pursuant to deferred stock distribution rights provided to certain current and former partners of Cantor Fitzgerald, L.P. ("CFLP") on April 1, 2008 ("April 2008 distribution rights shares") and February 14, 2012 ("February 2012 distribution rights shares")(consisting of 7,742,325 April 2008 distribution rights shares and 1,231,396 February 2012 distribution rights shares). |
| 2 | Common | Class A common stock, par value $0.01 per share | 2021-06-28 | F | D | 202,322 | — | 14,413,753 | D | — | — | (F4) In connection with the transactions described in footnotes (1) and (3) above, the amount of Class A Common Stock held directly by the reporting person was reduced by 202,322 shares of Class A Common Stock to pay taxes on the transactions described above. (F2) The shares of Class A Common Stock held directly by the reporting person consists of (i) 5,440,032 shares held by the reporting person, and (ii) 8,973,721 shares receivable by the reporting person pursuant to deferred stock distribution rights provided to certain current and former partners of Cantor Fitzgerald, L.P. ("CFLP") on April 1, 2008 ("April 2008 distribution rights shares") and February 14, 2012 ("February 2012 distribution rights shares")(consisting of 7,742,325 April 2008 distribution rights shares and 1,231,396 February 2012 distribution rights shares). |
| 3 | Common | Class A common stock, par value $0.01 per share | 2021-06-28 | A | A | 88,636 | — | 14,616,075 | D | — | — | (F3) On June 28, 2021, the Company granted to the reporting person 88,636 shares of its Class A Common Stock following the redemption of 88,636 non-exchangeable Holding Units held by the reporting person. 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 (the "Exchange Act"). (F2) The shares of Class A Common Stock held directly by the reporting person consists of (i) 5,440,032 shares held by the reporting person, and (ii) 8,973,721 shares receivable by the reporting person pursuant to deferred stock distribution rights provided to certain current and former partners of Cantor Fitzgerald, L.P. ("CFLP") on April 1, 2008 ("April 2008 distribution rights shares") and February 14, 2012 ("February 2012 distribution rights shares")(consisting of 7,742,325 April 2008 distribution rights shares and 1,231,396 February 2012 distribution rights shares). |
| 4 | Derivative | BGC Holdings Exchangeable Limited Partnership Interests | 2021-06-28 | M | D | 520,380 | — | 520,380 | D | — · — to — | — Class A common stock, par value $0.01 per share | (F1) On June 28, 2021, 520,380 exchangeable limited partnership units of BGC Holdings, L.P. ("Holdings Units") held by the reporting person were exchanged into 520,380 shares of BGC Partners, Inc. (the "Company") Class A common stock, par value $0.01 per share ("Class A Common Stock"). Exchangable Holdings Units are exchangeable by the holder at any time into shares of Class A Common Stock. |