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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
BGC Partners, Inc. [ BGCP ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/17/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | ||||||
Class A Common Stock, par value $0.01 per share | 12/17/2007 | J | 1,335 | D | $10.2 | 75,999 | D | |||
Class A Common Stock, par value $0.01 per share | 12/28/2007 | J | 668 | D | $10.82 | 75,331 | D | |||
Class A Common Stock, par value $0.01 per share | 12/15/2008 | J | 1,152 | D | $2.94 | 74,179 | D | |||
Class A Common Stock, par value $0.01 per share | 12/15/2009 | J | 1,356 | D | $4.24 | 72,823 | D | |||
Class A Common Stock, par value $0.01 per share | 08/12/2010 | D | 53,945(1) | D | $5.29 | 18,878(2) | D | |||
Class A Common Stock, par value $0.01 per share | 7,299(3) | I | By 401(k) Plan | |||||||
Class A Common Stock, par value $0.01 per share | 2,250 | I | Owned by the Reporting Person's spouse. |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 |
Explanation of Responses: |
1. Represents shares of Class A Common Stock of BGC Partners, Inc. ("BGCP") distributed by Cantor Fitzgerald, L.P. to the Reporting Person and sold by the Reporting Person to BGCP. |
2. Includes (i) 8,872 shares of BGCP Class A Common Stock held outright by the Reporting Person; (ii) 3,268 shares of BGCP Class A Common Stock underlying BGCP Restricted Stock Units that wil vest on December 15, 2010 and that are subject to tax withholding upon vesting; and (iii) 6,738 shares of BGCP Class A Common Stock that are subject to distribution rights provided by Cantor to the Reporting Person and that have not yet been distributed to the Reporting Person. Of these 6,738 distribution rights shares, 3,369 will be available to the Reporting Person in October 2010, and the remainig 3,369 will be available to the Reporting Person in April 2011. |
3. Between January 1, 2010 and June 30, 2010, the Reporting Person acquired 652 shares of BGCP Class A Common Stock under the BGCP 401(k) plan. The information in this report is based on a plan statement dated as of June 30, 2010. |
Remarks: |
Stephen M. Merkel, Executive Vice President, General Counsel and Secretary | 08/16/2010 | |
** 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |