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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
BGC Holdings Exchangeable PSU Limited Partnership Interests | (1) | 12/17/2012 | A(1) | 60,606 (1) | (1) | (1) | Class A Common Stock, par value $0.01 per share | 60,606 (1) | $ 0 | 60,606 (1) | D | ||||
BGC Holdings Exchangeable PSU Limited Partnership Interests | (1) | 12/17/2012 | M(1) | 60,606 (1) | (1) | (1) | Class A Common Stock, par value $0.01 per share | 60,606 (1) | $ 0 | 60,606 (1) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MERKEL STEPHEN M C/O BGC PARTNERS, INC. 499 PARK AVENUE NEW YORK, NY 10022 |
EVP, Gen Counsel & Secretary |
/s/ Steven M. Merkel, Executive Vice President, General Counsel and Secretary | 04/05/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On December 17, 2012, the reporting person was granted, in an exempt transaction pursuant to Rule 16b-3 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), 60,606 exchange rights with respect to 60,606 non-exchangeable PSU limited partnership interests of BGC Holdings, L.P. ("BGC Holdings"), which were originally granted to the reporting person in 2011 as non-exchangeable PSU limited partnership interests of BGC Holdings. The 60,606 exchangeable PSU limited partnership interests of BGC Holdings were immediately exchanged by the reporting person for 60,606 shares of Class A Common Stock, par value $0.01 per share, of BGC Partners, Inc. ("BGC Partners"). |
(2) | Represents shares of BGC Partners Class A Common Stock disposed of pursuant to cashless withholding in an exempt transaction pursuant to Rule 16b-3 of the Exchange Act. |
(3) | Represents shares of BGC Partners Class A Common Stock sold by the reporting person to BGC Partners in an exempt transaction pursuant to Rule 16b-3 of the Exchange Act at a price of $5.61 per share, which was the closing price of the Class A Common Stock on the date of sale, less 2%. |
(4) | Represents shares of Class A Common Stock held under the BGC Partners 401(k) plan based on a plan statement dated as of March 31, 2013. |