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Filing Details

Accession Number:: 0001209191-13-016954
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-03-15 17:37:44
Reporting Period:: 2013-03-13

Filing Date:: 2013-03-15
Accepted Time:: 2013-03-15 17:37:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1504008	Bankunited Inc.	BKU	Savings Institution, Federally Chartered (6035)	270162450

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1026610	Jr L Wilbur Ross	319 Clematis Street Room 1000 (10Th Floor) West Palm Beach FL 33401	Yes	No	Yes	No
1128452	Invesco Private Capital, Inc.	C/O Wl Ross &Amp; Co. Llc 1166 Avenue Of The Americas New York NY 10036	No	No	Yes	No
1414643	Wlr Recovery Fund Iv Lp	C/O Wl Ross &Amp; Co. Llc 1166 Avenue Of The Americas New York NY 10036	No	No	Yes	No
1422834	Wlr Iv Parallel Esc Lp	C/O Wl Ross &Amp; Co. Llc 1166 Avenue Of The Americas New York NY 10036	No	No	Yes	No
1429294	Invesco Wlr Iv Associates Llc	C/O Wl Ross &Amp; Co. Llc 1166 Avenue Of The Americas New York NY 10036	No	No	Yes	No
1429295	Wlr Recovery Associates Iv Llc	C/O Wl Ross &Amp; Co. Llc 1166 Avenue Of The Americas New York NY 10036	No	No	Yes	No
1431790	Wl Ross Group, L.p.	C/O Wl Ross &Amp; Co. Llc 1166 Avenue Of The Americas New York NY 10036	No	No	Yes	No
1431791	El Vedado, Llc	319 Clematis Street Room 1000 (10Th Floor) West Palm Beach FL 33401	No	No	Yes	No
1431792	Wlr/Gs Master Co-Investment, L.p.	C/O Wl Ross &Amp; Co. Llc 1166 Avenue Of The Americas New York NY 10036	No	No	Yes	No
1431793	Wlr Master Co-Investment Gp Llc	C/O Wl Ross &Amp; Co. Llc 1166 Avenue Of The Americas New York NY 10036	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	Disposition	2013-03-13	4,810,000	$24.75	8,911,131	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	100	Direct

Footnotes

Reflects the sale of BankUnited, Inc.'s common stock, par value $0.01 per share ("Common Stock"), consisting of 4,361,096 shares sold by WLR Recovery Fund IV, L.P., 17,514 shares sold by WLR IV Parallel ESC, L.P. and 431,390 shares sold by WLR/GS Master Co-Investment, L.P. in a secondary offering of BankUnited, Inc. that closed on March 13, 2013.
Each of the reporting persons disclaims beneficial ownership of any securities except to the extent of its pecuniary interest therein.
WLR Recovery Fund IV, L.P. ("Fund IV") owns 8,079,479 shares of Common Stock of the issuer. Wilbur L. Ross, Jr. is the president and chief executive officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC. El Vedado, LLC is the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV. WL Ross & Co. LLC serves as the investment manager to Fund IV. Accordingly, each of WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Recovery Associates IV LLC may be deemed to be a beneficial owner of some or all the shares of Common Stock owned by Fund IV.
WLR IV Parallel ESC, L.P. (the "Parallel Fund") owns 32,448 shares of Common Stock of the issuer. Wilbur L. Ross, Jr. is the managing member of El Vedado, LLC and the chairman and president of Invesco Private Capital, Inc. El Vedado, LLC is the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC. Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which in turn is the general partner of the Parallel Fund. INVESCO WLR IV Associates LLC and WLR Recovery Associates IV LLC have entered into a parallel investment agreement pursuant to which WLR Recovery Associates IV LLC has been appointed as representative and attorney of the Parallel Fund to, among other things, exercise all rights, powers and privileges with respect to the Common Stock owned by the Parallel Fund and to take whatever action, including voting such Common Stock, as WLR Recovery Associates IV LLC (continued in footnote 5).
(continued from footnote 4) in its discretion deems fit. Accordingly, each of Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P., WLR Recovery Associates IV LLC, Invesco Private Capital, Inc. and INVESCO WLR IV Associates LLC may be deemed to be a beneficial owner of some or all the shares of Common Stock owned by the Parallel Fund.
WLR/GS Master Co-Investment L.P. (the "Co-Invest Fund") owns 799,204 shares of Common Stock of the issuer. Wilbur L. Ross, Jr. is the president and chief executive officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC. El Vedado, LLC is the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Master Co-Investment GP, LLC. WLR Master Co-Investment GP, LLC is the general partner of the Co-Invest Fund. WL Ross & Co. LLC serves as the investment manager to the Co-Invest Fund. Accordingly, each of WL Ross & Co. LLC, Wilbur L. Ross, Jr., El Vedado, LLC, WL Ross Group, L.P. and WLR Master Co-Investment GP, LLC may be deemed to be a beneficial owner of some or all the shares of Common Stock owned by the Co-Invest Fund.