4//SEC Filing
Windeatt Sean A 4
Accession 0001437749-20-016975
CIK 0001094831other
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 8:34 AM ET
Size
6.3 KB
Accession
0001437749-20-016975
Insider Transaction Report
Form 4
Windeatt Sean A
COO and Co-CEO
Transactions
- Disposition to Issuer
BGC Holdings Exchangeable Limited Partnership Interests
2020-08-05−457,514→ 62,211 total→ Class A common stock, par value $0.01 per share (457,514 underlying)
Footnotes (2)
- [F1]On March 2, 2020, BGC Partners, Inc. (the "Company") granted the reporting person 519,725 exchange rights with respect to 519,725 non-exchangeable limited partnership interests of BGC Holdings, L.P. ("BGC Holdings") that were previously granted to the reporting person. The resulting 519,725 exchangeable limited partnership interests of BGC Holdings were immediately exchangeable by the reporting person for an aggregate of 519,725 shares of Class A common stock, par value $0.01 per share, of the Company ("Class A common stock"). The grant was approved by the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") and was exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F2]On August 5, 2020, the Company repurchased 436,665 of such 519,725 exchangeable limited partnership interests held by Mr. Windeatt at a price of $2.90, the closing price of shares of Class A common stock on August 5, 2020. In connection with such repurchase, an additional 20,849 of such 519,725 exchangeable limited partnership interests held by Mr. Windeatt were redeemed for zero. The transactions were approved by the Compensation Committee and are exempt pursuant to Rule 16b-3 under the Exchange Act.
Documents
Issuer
BGC Partners, Inc.
CIK 0001094831
Entity typeother
Related Parties
1- filerCIK 0001450108
Filing Metadata
- Form type
- 4
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 8:34 AM ET
- Size
- 6.3 KB