0000921768-16-000128.txt : 20161004 0000921768-16-000128.hdr.sgml : 20161004 20161004190542 ACCESSION NUMBER: 0000921768-16-000128 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: LEVAN ALAN B CENTRAL INDEX KEY: 0001199943 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13133 FILM NUMBER: 161920843 MAIL ADDRESS: STREET 1: P. O. BOX 39000 CITY: FT LAUDERDALE STATE: FL ZIP: 33303 4 1 certent-form4.xml PRIMARY DOCUMENT X0306 4 2016-09-30 0000921768 BBX CAPITAL CORP BBX 0001199943 LEVAN ALAN B 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 F 0 53364 20.56 D 439177 D Class A Common Stock, par value $0.01 per share 2016-09-30 4 S 0 73843 D 365334 D Class A Common Stock, par value $0.01 per share 2016-10-01 4 F 0 14428 20.63 D 350906 D Class A Common Stock, par value $0.01 per share 2016-10-01 4 S 0 19963 D 330943 D Class A Common Stock, par value $0.01 per share 180 I By Levan Partners, LLC Represents shares surrendered to the issuer to satisfy the issuer's tax withholding obligation relating to the vesting on September 30, 2016 of certain previously reported restricted stock units granted to the reporting person. These shares have been cancelled and retired by the issuer. Represents the closing price of the issuer's Class A Common Stock on September 29, 2016. Represents shares acquired by BFC Financial Corporation in exchange for BFC's issuance to the reporting person of 398,752 shares of its Class B Common Stock in accordance with the Share Exchange Agreement dated September 4, 2015 between the parties pursuant to which, in connection with any option exercised by BFC thereunder, the reporting person is entitled to receive shares of BFC's 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 and September 30, 2016 was $20.56 and $20.63, respectively. The closing price of BFC's Class B Common Stock was $3.65 on each of September 29, 2016 and September 30, 2016. Based on such closing prices, BFC issued to the reporting person 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 and October 1, 2016. Represents shares surrendered to the issuer to satisfy the issuer's tax withholding obligation relating to the vesting on October 1, 2016 of certain previously reported restricted stock units granted to the reporting person. These shares have been cancelled and retired by the issuer. Represents the closing price of the issuer's Class A Common Stock on September 30, 2016. Represents shares acquired by BFC in exchange for BFC's issuance to the reporting person of 107,800 shares of its Class B Common Stock 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. /s/ Raymond S. Lopez, Chief Financial Officer, BBX Capital Corporation, Attorney-in-Fact for Alan B. Levan 2016-10-04