Stephen M. Merkel - Dec 22, 2021 Form 4 Insider Report for BGC Partners, Inc. (BGCP)

Role
EVP and General Counsel
Signature
/s/ Stephen M. Merkel
Stock symbol
BGCP
Transactions as of
Dec 22, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 03:02 PM
Previous filing
Jun 30, 2021
Next filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BGCP Class A Common Stock, par value $0.01 per share Award +90.4K 90.4K Dec 22, 2021 Direct F1
holding BGCP Class A Common Stock, par value $0.01 per share 6.26K Dec 22, 2021 By various trusts F2
holding BGCP Class A Common Stock, par value $0.01 per share 37.3K Dec 22, 2021 By 401(k) Plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 22, 2021, BGC Partners, Inc. (the "Company") granted to the reporting person 90,366 shares of its Class A Common Stock, par value $0.01 per share (the "Class A Common Stock"), following the redemption and cancellation of an aggregate of 90,366 non-exchangeable limited partnership interests of BGC Holdings, L.P. The grant was approved by the Compensation Committee of the Board of Directors of the Company and is exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F2 Represents shares of Class A Common Stock of the Company held in trusts for the benefit of the reporting person's immediate family, of which the reporting person is the sole trustee of each trust.
F3 Represents shares of Class A Common Stock held in the reporting person's 401(k) account as of November 30, 2021.