FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
BFC FINANCIAL CORP [ BFF/BFCFB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/13/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock Class A | 5,631(1) | D | ||||||||
Common Stock Class A | 7,507(1)(2) | D | ||||||||
Common Stock Class A | 93,674(3) | I | Pertnoy Parent Limited Partnership | |||||||
Common Stock Class B | 6,900 | I | Pertnoy Parent Limited Partnership |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option | $1.45 | 04/13/2007 | G | V | 105,288 | 07/01/1997 | 07/01/2007 | Common Stock Class B | 105,288(3) | (4) | 0 | D | |||
Stock Option | $3.682 | 04/13/2007 | G | V | 42,117 | 01/13/1998 | 01/13/2008 | Common Stock Class B | 42,117(3) | (4) | 0 | D | |||
Stock Option | $2.138 | 04/13/2007 | G | V | 14,040 | 04/06/1999 | 04/06/2009 | Common Stock Class B | 14,040(3) | (4) | 0 | D | |||
Stock Option | $1.835 | 04/13/2007 | G | V | 14,040 | 02/07/2003 | 02/07/2013 | Common Stock Class B | 14,040(3) | (4) | 0 | D | |||
Stock Option | $8.4 | 04/13/2007 | G | V | 6,250 | 07/28/2004 | 07/28/2014 | Common Stock Class B | 6,250(3) | (4) | 0 | D | |||
Stock Option | $1.45 | 04/13/2007 | G | V | 105,288 | 07/01/1997 | 07/01/2007 | Common Stock Class B | 105,288(3) | (4) | 105,288 | I | Pertnoy Parent Limited Partnership | ||
Stock Option | $3.682 | 04/13/2007 | G | V | 42,117 | 01/13/1998 | 01/13/2008 | Common Stock Class B | 42,117(3) | (4) | 42,117 | I | Pertnoy Parent Limited Partnership | ||
Stock Option | $2.138 | 04/13/2007 | G | V | 14,040 | 04/06/1999 | 04/06/2009 | Common Stock Class B | 14,040(3) | (4) | 14,040 | I | Pertnoy Parent Limited Partnership | ||
Stock Option | $1.835 | 04/13/2007 | G | V | 14,040 | 02/07/2003 | 02/07/2013 | Common Stock Class B | 14,040(3) | (4) | 14,040 | I | Pertnoy Parent Limited Partnership | ||
Stock Option | $8.4 | 04/13/2007 | G | V | 6,250 | 07/28/2004 | 07/28/2014 | Common Stock Class B | 6,250(3) | (4) | 6,250 | I | Pertnoy Parent Limited Partnership |
Explanation of Responses: |
1. Stock was granted as compensation for being a Director of BFC Financial Corporation pursuant to the BFC Financial Corporation 2005 Stock Incentive Plan. |
2. Stock is restricted, subject to a prorated forfeiture should Mr. Pertnoy cease to be a Director of BFC Financial Corporation at any time during the twelve months commencing July 1, 2006. |
3. All number of shares and exercise prices have been adjusted to take into account a 25% common stock dividend with a March 7, 2005 record date. |
4. Transfered into Pertnoy Parent Limited Partnership per assignment dated 4/13/2007. |
Remarks: |
Pertnoy Parent Limited Partnership is a family limited partnership controlled by Earl Pertnoy. |
Earl Pertnoy | 04/13/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |