Sean A. Windeatt - Jun 8, 2023 Form 4 Insider Report for BGC Partners, Inc. (BGCP)

Role: Chief Operating Officer
Signature: /s/ Sean A. Windeatt
Stock symbol: BGCP
Transactions as of: Jun 8, 2023
Transactions value $: -$614,456
Form type: 4
Date filed: 6/12/2023, 04:32 PM
Previous filing: Apr 3, 2023
Next filing: Jul 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	-$614K	-128K	-100%	$4.79	0	Jun 8, 2023	Class A common stock, par value $0.01 per share	128K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	As previously reported, 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 Holding, L.P. ("BGC Holdings"). Pursuant to the exchange rights schedule of the 2021 Grant, on April 1, 2023, the 128,279 non-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 ("Class A Common Stock"), of the Company. The 2021 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 June 8, 2023, the Company repurchased all of such 128,279 exchangeable limited partnership interests held by the reporting person at a price of $4.79 (the "2023 Repurchase"), the closing price of a share of Class A Common Stock on June 8, 2023. The 2023 Repurchase was approved by the Compensation Committee and was exempt pursuant to Rule 16b-3 under the Exchange Act.

Content

As previously reported, 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 Holding, L.P. ("BGC Holdings"). Pursuant to the exchange rights schedule of the 2021 Grant, on April 1, 2023, the 128,279 non-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 ("Class A Common Stock"), of the Company. The 2021 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").

On June 8, 2023, the Company repurchased all of such 128,279 exchangeable limited partnership interests held by the reporting person at a price of $4.79 (the "2023 Repurchase"), the closing price of a share of Class A Common Stock on June 8, 2023. The 2023 Repurchase was approved by the Compensation Committee and was exempt pursuant to Rule 16b-3 under the Exchange Act.