Alan B. Levan - May 5, 2021 Form 4 Insider Report for BLUEGREEN VACATIONS CORP (BXG)

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: BXG
Transactions as of: May 5, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/7/2021, 01:27 PM
Next filing: Jul 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BXG	Common Stock, $0.01 par value per share	Disposed to Issuer	$0	-20K	-100%	$0.00^*	0	May 5, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Alan B. Levan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On May 5, 2021, Bluegreen Vacations Holding Corporation ("BVH") acquired all of the approximately 7% of the outstanding shares of common stock of Bluegreen Vacations Corporation ("Bluegreen") not already beneficially owned by BVH pursuant to a statutory, short-form merger under Florida law. As a result of the merger, Bluegreen has become an indirect, wholly owned subsidiary of BVH and each share of Bluegreen's common stock outstanding at the effective time of the merger (other than shares beneficially owned by BVH) was converted into the right to receive 0.51 shares of BVH's Class A Common Stock. In connection with the merger, the reporting person received 10,200 shares of BVH's Class A Common Stock 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 BVH's Class A Common Stock on the New York Stock Exchange was $18.30 per share.

Content

On May 5, 2021, Bluegreen Vacations Holding Corporation ("BVH") acquired all of the approximately 7% of the outstanding shares of common stock of Bluegreen Vacations Corporation ("Bluegreen") not already beneficially owned by BVH pursuant to a statutory, short-form merger under Florida law. As a result of the merger, Bluegreen has become an indirect, wholly owned subsidiary of BVH and each share of Bluegreen's common stock outstanding at the effective time of the merger (other than shares beneficially owned by BVH) was converted into the right to receive 0.51 shares of BVH's Class A Common Stock. In connection with the merger, the reporting person received 10,200 shares of BVH's Class A Common Stock in exchange for the 20,000 shares of Bluegreen's common stock that he owned at the effective time of the merger.

On May 5, 2021, the effective date of the merger, the closing price of BVH's Class A Common Stock on the New York Stock Exchange was $18.30 per share.