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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 | ||||||||
Class A Stock Option | $ 0.41 | 06/03/2014 | M | 187,380 | (3) | 09/21/2014 | Class A Common Stock, par value $0.01 per share | 187,380 | $ 0 | 0 | I | By John E. Abdo Trust under Trust Agreement dated 3/15/76, John E. Abdo, Trustee | |||
Class B Stock Option | $ 0.41 | 06/03/2014 | M | 93,750 | 07/28/2009 | 07/28/2014 | Class B Common Stock, par value $0.01 per share | 93,750 | $ 0 | 0 | I | By John E. Abdo Trust under Trust Agreement dated 3/15/76, John E. Abdo, Trustee |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ABDO JOHN E 401 EAST LAS OLAS BOULEVARD SUITE 800 FORT LAUDERDALE, FL 33301 |
X | X | Vice Chairman |
/s/ John K. Grelle, Executive Vice President and Chief Financial Officer, BFC Financial Corporation, Attorney-in-Fact for John E. Abdo | 06/05/2014 | |
**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) | Subject to certain exceptions, the shares of the issuer's Class B Common Stock beneficially owned by the reporting person are convertible on a share-for-share basis into the issuer's Class A Common Stock at any time in the reporting person's discretion. |
(2) | Represents shares withheld by the issuer from the shares that otherwise would have been issuable to the reporting person in connection with his exercise of the stock options reported herein as payment of the exercise price of such options and in satisfaction of the issuer's tax withholding obligation relating to the exercise of such options. 90,160 shares and 45,720 shares were withheld with respect to the exercise of the Class A Stock Option and Class B Stock Option, respectively. |
(3) | Options vested in four equal annual installments beginning on September 21, 2010. |