Alan B. Levan - May 5, 2021 Form 4 Insider Report for Bluegreen Vacations Holding Corp (BVH)

Role
Chairman, CEO and President, Director, 10%+ Owner
Signature
/s/ Adrienne Kelley, Vice President Bluegreen Vacations Holding Corporation, Attorney-in-fact for Alan B. Levan
Stock symbol
BVH
Transactions as of
May 5, 2021
Transactions value $
$0
Form type
4
Date filed
5/7/2021, 11:50 AM
Next filing
Jul 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BVH Class A Common Stock, $0.01 par value per share Award $0 +10.2K +1.49% $0.00 695K May 5, 2021 Direct F1, F2, F3
holding BVH Class B Common Stock, $0.01 par value per share 864K May 5, 2021 Direct F3
holding BVH Class B Common Stock, $0.01 par value per share 337K May 5, 2021 By Levan BFC Stock Partners LP F3
holding BVH Class A Common Stock, $0.01 par value per share 986K May 5, 2021 By Levan Partners LLC F3
holding BVH Class B Common Stock, $0.01 par value per share 142K May 5, 2021 By Levan Partners LLC F3
holding BVH Class A Common Stock, $0.01 par value per share 2.34K May 5, 2021 By spouse F3
holding BVH Class B Common Stock, $0.01 par value per share 240 May 5, 2021 By spouse F3
holding BVH Class A Common Stock, $0.01 par value per share 7.34K May 5, 2021 By Levan Children's Trust F3
holding BVH Class A Common Stock, $0.01 par value per share 78.7K May 5, 2021 By Susie and Alan B. Levan Family Foundation, Inc. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 5, 2021, the issuer acquired all of the approximately 7% of the outstanding shares of common stock of Bluegreen Vacations Corporation ("Bluegreen") not already beneficially owned by the issuer pursuant to a statutory, short-form merger under Florida law. In connection with the merger, each share of Bluegreen's common stock outstanding at the effective time of the merger (other than shares beneficially owned by the issuer) was converted into the right to receive 0.51 shares of the issuer's Class A Common Stock. The reporting person received 10,200 shares of the issuer's Class A Common Stock in the merger in exchange for the 20,000 shares of Bluegreen's common stock that he owned at the effective time of the merger.
F2 On May 5, 2021, the effective date of the merger, the closing price of the issuer's Class A Common Stock on the New York Stock Exchange (the "NYSE") was $18.30 per share, and the closing price of Bluegreen's common stock on the NYSE was $9.32 per share.
F3 Shares of the issuer's Class B 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney