Filing Details

Accession Number:
0000921768-16-000126
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-10-04 19:03:26
Reporting Period:
2016-09-30
Filing Date:
2016-10-04
Accepted Time:
2016-10-04 19:03:26
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
921768 Bbx Capital Corp BBX Real Estate (6500) 650507804
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1199936 E John Abdo 401 East Las Olas Blvd
Suite 800
Fort Lauderdale FL 33301
Vice Chairman 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 2016-09-30 53,364 $20.56 432,054 No 4 F Direct
Class A Common Stock, Par Value $0.01 Per Share Disposition 2016-09-30 73,843 $0.00 358,211 No 4 S Direct
Class A Common Stock, Par Value $0.01 Per Share Disposition 2016-10-02 14,428 $20.63 343,783 No 4 F Direct
Class A Common Stock, Par Value $0.01 Per Share Disposition 2016-10-02 19,963 $0.00 323,820 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 S Direct
No 4 F Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock, Par Value $0.01 Per Share 45,380 Indirect Trust f/b/o John E. Abdo under Trust Agreement dated 3/15/76, John E. Abdo, Trustee
Footnotes
  1. 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.
  2. Represents the closing price of the issuer's Class A Common Stock on September 29, 2016.
  3. 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.
  4. 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 2, 2016.
  5. Represents shares surrendered to the issuer to satisfy the issuer's tax withholding obligation relating to the vesting on October 2, 2016 of certain previously reported restricted stock units granted to the reporting person. These shares have been cancelled and retired by the issuer.
  6. Represents the closing price of the issuer's Class A Common Stock on September 30, 2016, the last trading day prior to October 2, 2016.
  7. 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 2, 2016 and the issuance of shares of BFC's Class B Common Stock in exchange therefor.