Sean A. Windeatt - Aug 11, 2022 Form 4 Insider Report for BGC Partners, Inc. (BGCP)

Signature
/s/ Sean A. Windeatt
Stock symbol
BGCP
Transactions as of
Aug 11, 2022
Transactions value $
$0
Form type
4
Date filed
8/15/2022, 05:15 PM
Previous filing
Apr 3, 2023
Next filing
Apr 3, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BGCP BGC Holdings Exchangeable Limited Partnership Interests Disposed to Issuer -136K -100% 0 Aug 11, 2022 Class A Common Stock, par value $0.01 per share 136K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 22, 2022, BGC Partners, Inc. (the "Company") granted the reporting person 135,514 exchange rights with respect to 135,514 non-exchangeable limited partnership interests of BGC Holdings, L.P. ("BGC Holdings") that were previously granted to the reporting person. The resulting 135,514 exchangeable limited partnership interests of BGC Holdings were immediately exchangeable by the reporting person for an aggregate of 135,514 shares of Class A Common Stock, par value $0.01 per share, of the Company ("Class A Common Stock"). The grant was approved by the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") and was exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
F2 On August 11, 2022, the Company repurchased all of such 135,514 exchangeable limited partnership interests held by Mr. Windeatt at a price of $4.08, the closing price of shares of Class A Common Stock on August 11, 2022. The transaction was approved by the Compensation Committee and is exempt pursuant to Rule 16b-3 under the Exchange Act.