Filing Details

Accession Number:
0000315858-15-000006
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-02-24 16:04:07
Reporting Period:
2015-02-20
Filing Date:
2015-02-24
Accepted Time:
2015-02-24 16:04:07
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
315858 Bfc Financial Corp BFCF Savings Institution, Federally Chartered (6035) 592022148
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1199943 B Alan Levan 401 East Las Olas Boulevard
Suite 800
Fort Lauderdale FL 33301
Chairman, Ceo & President Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock, Par Value $0.01 Per Share Disposition 2015-02-20 56,500 $3.25 2,713,550 No 4 S Direct
Class A Common Stock, Par Value $0.01 Per Share Disposition 2015-02-20 56,500 $3.25 5,011,048 No 4 S Indirect By Levan Partners, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Indirect By Levan Partners, LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock, Par Value $0.01 Per Share 1,270,294 Indirect By Florida Partners Corporation
Class A Common Stock, Par Value $0.01 Per Share 11,440 Indirect By spouse
Class A Common Stock, Par Value $0.01 Per Share 12,237 Indirect By Jarett Levan Children's Trust
Class A Common Stock, Par Value $0.01 Per Share 12,237 Indirect By Donald Levan Children's Trust
Class A Common Stock, Par Value $0.01 Per Share 12,237 Indirect By Rachelle Levan Children's Trust
Class B Common Stock, Par Value $0.01 Per Share 1,335,267 Direct
Class B Common Stock, Par Value $0.01 Per Share 1,684,571 Indirect By Levan BFC Stock Partners, LP
Class B Common Stock, Par Value $0.01 Per Share 707,882 Indirect By Levan Partners, LLC
Class B Common Stock, Par Value $0.01 Per Share 133,314 Indirect By Florida Partners Corporation
Class B Common Stock, Par Value $0.01 Per Share 1,200 Indirect By spouse
Footnotes
  1. These sales were effected pursuant to the previously disclosed Rule 10b5-1 Trading Plans entered into by the reporting person and Levan Partners, LLC on September 19, 2014.
  2. 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 holder's discretion.
  3. Includes 416,135 shares now held by the reporting person as shares of Class A Common Stock, but which were previously included as part of the reporting person's holdings of shares of Class B Common Stock. 334,885 of such Class B shares were transferred during October 2014 from Levan BFC Stock Partners, LP (through which the reporting person indirectly beneficially owned the shares) to the reporting person so that they were held directly by him. Those 334,885 shares together with an additional 81,250 Class B shares owned directly by the reporting person were subsequently converted into shares of Class A Common Stock pursuant to the previously disclosed conversion feature of the issuer's Class B Common Stock as described in footnote 2 above.
  4. Reflects the conversion of shares of Class B Common Stock into shares of Class A Common Stock as set forth in footnote 3 above.