0000921768-16-000124.txt : 20161004
0000921768-16-000124.hdr.sgml : 20161004
20161004190116
ACCESSION NUMBER: 0000921768-16-000124
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160930
FILED AS OF DATE: 20161004
DATE AS OF CHANGE: 20161004
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BBX CAPITAL CORP
CENTRAL INDEX KEY: 0000921768
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
IRS NUMBER: 650507804
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 401 EAST LAS OLAS BLVD
STREET 2: SUITE 800
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33301
BUSINESS PHONE: 954-940-4000
MAIL ADDRESS:
STREET 1: P. O. BOX 39001
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33303
FORMER COMPANY:
FORMER CONFORMED NAME: BBX CAPITAL Corp
DATE OF NAME CHANGE: 20120806
FORMER COMPANY:
FORMER CONFORMED NAME: BANKATLANTIC BANCORP INC
DATE OF NAME CHANGE: 19940418
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BFC FINANCIAL CORP
CENTRAL INDEX KEY: 0000315858
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13133
FILM NUMBER: 161920822
BUSINESS ADDRESS:
STREET 1: 401 EAST LAS OLAS BLVD
STREET 2: SUITE 800
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33301
BUSINESS PHONE: 954-940-4900
MAIL ADDRESS:
STREET 1: P.O. BOX 39000
CITY: FORT LAUDERDALE
STATE: FL
ZIP: 33303
FORMER NAME:
FORMER CONFORMED NAME: BANKATLANTIC FINANCIAL CORP
DATE OF NAME CHANGE: 19920316
FORMER NAME:
FORMER CONFORMED NAME: IRE FINANCIAL CORP
DATE OF NAME CHANGE: 19880401
4
1
certent-form4.xml
PRIMARY DOCUMENT
X0306
4
2016-09-30
0000921768
BBX CAPITAL CORP
BBX
0000315858
BFC FINANCIAL CORP
401 EAST LAS OLAS BOULEVARD
SUITE 800
FORT LAUDERDALE
FL
33301
0
0
1
0
Class A Common Stock, par value $0.01 per share
2016-09-30
4
P
0
223598
A
13349952
D
Class A Common Stock, par value $0.01 per share
2016-10-01
4
P
0
19963
A
13369915
D
Class A Common Stock, par value $0.01 per share
2016-10-02
4
P
0
19963
A
13389878
D
Class A Common Stock, par value $0.01 per share
2016-10-03
4
P
0
9981
A
13399859
D
Class A Common Stock, par value $0.01 per share
2016-10-04
4
P
0
9981
A
13409840
D
Class A Common Stock, par value $0.01 per share
20
I
By Eden Services, Inc.
Class A Common Stock, par value $0.01 per share
22
I
By ODI Program Partnership, LLLP
Class B Common Stock, par value $0.01 per share
195045
D
Represents shares acquired by BFC Financial Corporation in exchange for the issuance of 1,207,429 shares of BFC's Class B Common Stock to certain individuals in accordance with the Share Exchange Agreements dated September 4, 2015 between BFC and such individuals pursuant to which, in connection with any option exercised by BFC thereunder, BFC agreed to issue shares of its Class A or Class B Common Stock having a market value equal to the market value of the shares of the issuer's Class A Common Stock acquired by BFC upon the option exercise, subject to a maximum of 5.4 shares of BFC's Class A or Class B Common Stock for each share of the issuer's Class A Common Stock. BFC's board of directors approved the exercise of BFC's option with respect to the shares of the issuer's Class A Common Stock subject to restricted stock units which vested on September 30, 2016 and the issuance of shares of BFC's Class B Common Stock in exchange therefor.
The closing price of the issuer's Class A Common Stock on September 29, 2016, September 30, 2016 and October 3, 2016 was $20.56, $20.63 and $20.62, respectively. The closing price of BFC's Class B Common Stock was $3.65 on each of September 29, 2016, September 30, 2016 and October 3, 2016. Based on such closing prices, BFC issued to certain individuals of the issuer 5.4 shares of its Class B Common Stock in exchange for each share of the issuer's Class A Common Stock received by BFC on September 30, 2016 through October 4, 2016.
Shares 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.
Eden Services, Inc. is a direct wholly owned subsidiary of the reporting entity.
ODI Program GP Corporation, an indirect wholly owned subsidiary of the reporting entity, is the general partner of ODI Program Partnership, LLLP.
Represents shares acquired by BFC in exchange for BFC's issuance of 107,800 shares of BFC's Class B Common Stock to an individual pursuant to the Share Exchange Agreement described above. BFC's board of directors approved the exercise of BFC's option with respect to the shares of the issuer's Class A Common Stock subject to restricted stock units which vested on October 1, 2016 and the issuance of shares of BFC's Class B Common Stock in exchange therefor.
Represents shares acquired by BFC in exchange for BFC's issuance of 107,800 shares of BFC's Class B Common Stock to an individual pursuant to the Share Exchange Agreement described above. BFC's board of directors approved the exercise of BFC's option with respect to the shares of the issuer's Class A Common Stock subject to restricted stock units which vested on October 2, 2016 and the issuance of shares of BFC's Class B Common Stock in exchange therefor.
Represents shares acquired by BFC in exchange for BFC's issuance of 53,897 shares of BFC's Class B Common Stock to an individual pursuant to the Share Exchange Agreement described above. BFC's board of directors approved the exercise of BFC's option with respect to the shares of the issuer's Class A Common Stock subject to restricted stock units which vested on October 3, 2016 and the issuance of shares of BFC's Class B Common Stock in exchange therefor.
Represents shares acquired by BFC in exchange for BFC's issuance of 53,897 shares of BFC's Class B Common Stock to an individual pursuant to the Share Exchange Agreement described above. BFC's board of directors approved the exercise of BFC's option with respect to the shares of the issuer's Class A Common Stock subject to restricted stock units which vested on October 4, 2016 and the issuance of shares of BFC's Class B Common Stock in exchange therefor.
s/ Raymond S. Lopez, Chief Financial Officer, BFC Financial Corporation
2016-10-04