SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
JBGL Builder Finance (Offshore), LLC

(Last) (First) (Middle)
2 GRAND CENTRAL TOWER
140 EAST 45TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Green Brick Partners, Inc. [ GRBK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/27/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 10/27/2014 A 3,503,204(1)(2)(3) A $7.4861(1)(2)(3) 3,503,204 D
Common Stock, par value $0.01 per share 10/28/2014 J 3,503,204(1)(2)(3) D (1)(2)(3) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
JBGL Builder Finance (Offshore), LLC

(Last) (First) (Middle)
2 GRAND CENTRAL TOWER
140 EAST 45TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Greenlight APE, LLC

(Last) (First) (Middle)
2 GRAND CENTRAL TOWER
140 EAST 45TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
GREENLIGHT CAPITAL INC

(Last) (First) (Middle)
2 GRAND CENTRAL TOWER
140 EAST 45TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
EINHORN DAVID

(Last) (First) (Middle)
2 GRAND CENTRAL TOWER
140 EAST 45TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Pursuant to the Transaction Agreement (the "Transaction Agreement"), dated as of June 10, 2014, by and among BioFuel Energy Corp. (the "Issuer") and the entities listed on Schedule I and Schedule II of the Transaction Agreement, JBGL Builder Finance (Offshore), LLC ("JBGL Offshore") sold to the Issuer interests in an entity listed in the Transaction Agreement (the "Sale of Interest") and as partial consideration for the Sale of Interest, JBGL Offshore received 3,503,204 shares of Issuer common stock. The shares of common stock received were valued at $7.4861 per share pursuant to the terms of the Transaction Agreement. The Manager of JBGL Offshore is Greenlight APE, LLC ("Greenlight APE") and the Manager of Greenlight APE is Greenlight Capital, Inc. ("Greenlight Inc.") David Einhorn is a member of the Board of Directors (the "Board") of the Issuer and is the president of Greenlight Inc.
2. (Continued from footnote 1) The following entities had a proportionate pecuniary interest in the shares of common stock acquired by JBGL Offshore pursuant to the Sale of Interest: Greenlight Capital Offshore Partners ("Greenlight Offshore"), Greenlight Capital Offshore Master (Gold), Ltd. ("Greenlight Gold Offshore"), and an account managed by DME Advisors, LP (the "Managed Account", and together with Greenlight Offshore and Greenlight Gold Offshore, the "Greenlight Offshore Parties"). On October 28, 2014, JBGL Offshore conducted in-kind distributions of all shares of common stock received pursuant to the Sale of Interest to the Greenlight Offshore Parties without changing the pecuniary interest of any of the Greenlight Offshore Parties in such shares of common stock and the shares of common stock acquired in such in-kind distributions are included in a Form 4 separately filed by the Greenlight Offshore Parties.
3. (Continued from footnote 2) Each of Mr. Einhorn, Greenlight APE, Greenlight Inc. and the Greenlight Offshore Parties disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest, and this report shall not be deemed an admission that any of Mr. Einhorn, Greenlight APE, Greenlight Inc. or the Greenlight Offshore Parties is the beneficial owner of such securities for purposes of Section 16 or any other purpose. The Issuer's Board approved the acquisition of common stock pursuant to the Sale of Interest in advance of such acquisition. On October 27, 2014, the Issuer filed an amendment to its charter changing its name to Green Brick Partners, Inc. The Greenlight Offshore Parties are filing a separate Form 4 jointly with Mr. Einhorn, Greenlight Inc. and other parties that may be deemed to beneficially own the securities reported herein.
Remarks:
David Einhorn is a member of the Board of Directors of Green Brick Partners, Inc. (the "Issuer"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons other than Mr. Einhorn are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer.
JBGL BUILDER FINANCE (OFFSHORE), LLC, By: Greenlight APE, LLC, its Manager, By: Greenlight Capital, Inc., its Manager, Name: Harry Brandler, Title: Chief Financial Officer /s/ Harry Brandler 10/29/2014
GREENLIGHT APE, LLC, By: Greenlight Capital, Inc., its Manager, Name: Harry Brandler, Title: Chief Financial Officer /s/ Harry Brandler 10/29/2014
GREENLIGHT CAPITAL, INC., Name: Harry Brandler, Title: Chief Financial Officer /s/ Harry Brandler 10/29/2014
DAVID EINHORN, Name: Harry Brandler, Title: Attorney-In-Fact /s/ Harry Brandler 10/29/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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