Sean A. Windeatt - Apr 1, 2023 Form 4 Insider Report for BGC Partners, Inc. (BGCP)

Signature
/s/ Sean A. Windeatt
Stock symbol
BGCP
Transactions as of
Apr 1, 2023
Transactions value $
$0
Form type
4
Date filed
4/3/2023, 04:51 PM
Previous filing
Aug 15, 2022
Next filing
Jun 12, 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 Award +128K 128K Apr 1, 2023 Class A Common Stock, par value $0.01 per share Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 1, 2021, BGC Partners, Inc. (the "Company") granted the reporting person 128,279 non-exchangeable limited partnership interests (the "2021 Grant") of BGC Holdings, L.P. ("BGC Holdings"). Pursuant to the exchange rights schedule of the 2021 Grant, on April 1, 2023, the 128,279 exchangeable limited partnership interests of BGC Holdings became immediately exchangeable by the reporting person for an aggregate of 128,279 shares of Class A common stock, par value $0.01 per share, of the Company. The 128,279 limited partnership interests are not being exchanged into shares of Class A common stock or otherwise redeemed at this time. The 2021 Grant was approved by the Compensation Committee of the Board of Directors of the Company and was exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.