SC 13D/A 1 d293135dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

BFC Financial Corporation

(Name of Issuer)

Class B Common Stock, Par Value $0.01 Per Share

(Title of Class of Securities)

055384101

(CUSIP Number)

Alan B. Levan

401 E. Las Olas Blvd., Suite 800

Fort Lauderdale, Florida 33301

(954) 940-4900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 15, 2016

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 


CUSIP No. 055384101  

 

  1.   

Names of Reporting Persons

 

Alan B. Levan

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

Not Applicable

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ☒

 

  6.  

Citizenship or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

5,438,495

     8.   

Shared Voting Power

 

8,566,567

     9.   

Sole Dispositive Power

 

5,438,495

   10.   

Shared Dispositive Power

 

970,750

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,005,062

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

93.6%

14.  

Type of Reporting Person (See Instructions)

 

IN

 


CUSIP No. 055384101  

 

  1.   

Names of Reporting Persons

 

Levan Partners LLC (I.R.S. No. 46-4117885)

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

Not Applicable

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ☐

 

  6.  

Citizenship or Place of Organization

 

Florida

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

707,882

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

707,882

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

707,882

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

4.7%

14.  

Type of Reporting Person (See Instructions)

 

OO

 


CUSIP No. 055384101  

 

  1.   

Names of Reporting Persons

 

Florida Partners Corporation (I.R.S. No. 59-2354501)

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

Not Applicable

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ☐

 

  6.  

Citizenship or Place of Organization

 

Florida

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

133,314

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

133,314

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

133,314

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

0.9%

14.  

Type of Reporting Person (See Instructions)

 

CO

 


CUSIP No. 055384101  

 

  1.   

Names of Reporting Persons

 

Levan BFC Stock Partners LP (I.R.S. No. 20-4185196)

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

Not Applicable

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ☐

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

1,684,571

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,684,571

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,684,571

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

11.2%

14.  

Type of Reporting Person (See Instructions)

 

PN

 


CUSIP No. 055384101  

 

  1.   

Names of Reporting Persons

 

John E. Abdo

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

Not Applicable

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ☐

 

  6.  

Citizenship or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

5,913,197

     9.   

Sole Dispositive Power

 

4,443,580

   10.   

Shared Dispositive Power

 

370,750

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

5,913,197

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

39.4%

14.  

Type of Reporting Person (See Instructions)

 

IN

 


CUSIP No. 055384101  

 

  1.   

Names of Reporting Persons

 

Jarett S. Levan

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

Not Applicable

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ☐

 

  6.  

Citizenship or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

2,652,170

     9.   

Sole Dispositive Power

 

177,451

   10.   

Shared Dispositive Power

 

850,000

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,652,170

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

17.7%

14.  

Type of Reporting Person (See Instructions)

 

IN

 


CUSIP No. 055384101  

 

  1.   

Names of Reporting Persons

 

Seth M. Wise

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

Not Applicable

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ☐

 

  6.  

Citizenship or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

1,325,286

     9.   

Sole Dispositive Power

 

525,853

   10.   

Shared Dispositive Power

 

250,000

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,325,286

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

8.8%

14.  

Type of Reporting Person (See Instructions)

 

IN

 


Amendment to Schedule 13D

This Amendment to Schedule 13D is being filed by the reporting persons set forth on the cover sheets hereto to amend the Amended and Restated Schedule 13D filed on December 14, 2007, as previously amended (the “Schedule 13D”), relating to the Class B Common Stock, par value $0.01 per share, of BFC Financial Corporation, a Florida corporation (“BFC”), solely to the extent set forth herein, including to file as exhibits to the Schedule 13D copies of the Memorandums listed in Item 7 below relating to the reporting persons’ respective holdings of BFC’s Class B Common Stock.

Item 5. Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is supplemented as follows:

On November 15, 2016, Alan B. Levan converted 31,000 shares of BFC’s Class B Common Stock into 31,000 shares of BFC’s Class A Common Stock in connection with his gifting of such shares of BFC’s Class A Common Stock to a third party organization.

Item 7. Material to be Filed as Exhibits.

Item 7 of the Schedule 13D is amended to add the following exhibits:

 

Exhibit 1    Memorandum, dated September 26, 2014 (superseding the Memorandum dated June 14, 2002, as amended) between Alan Levan and John E. Abdo, individually and as Trustee under the Trust Agreement dated March 15, 1976 for the benefit of John E. Abdo
Exhibit 2    Memorandum, dated September 15, 2014, between Alan Levan and Jarett Levan
Exhibit 3    Memorandum, dated October 1, 2014, between Jarett Levan and Seth Wise


Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

November 15, 2016

Date

/s/ Alan B. Levan

Alan B. Levan

/s/ John E. Abdo

John E. Abdo

/s/ Jarett S. Levan

Jarett S. Levan

/s/ Seth M. Wise

Seth M. Wise
Levan Partners LLC

/s/ Alan B. Levan

Signature

Alan B. Levan/Manager

Name/Title
Florida Partners Corporation

/s/ Alan B. Levan

Signature

Alan B. Levan/President

Name/Title
Levan BFC Stock Partners LP
By: Levan Management LLC
Its General Partner

/s/ Alan B. Levan

Signature

Alan B. Levan/President

Name/Title