X0303 4 2010-01-04 0 0001373670 BioFuel Energy Corp. BIOF 0001402318 Pearce Scott H BIOFUEL ENERGY CORP. 1600 BROADWAY, SUITE 2200 DENVER CO 80202 1 1 0 0 President, CEO Common Stock 2010-02-04 4 C 0 150000 A 465416 D Class B Common Stock 2010-02-04 4 J 0 150000 D 478837 D Membership Units, BioFuel Energy, LLC 2010-02-04 4 C 0 150000 D Common Stock 150000 478837 D Pursuant to the Second Amended and Restated LLC Agreement of BioFuel Energy, LLC, Mr. Pearce elected to convert 150,000 LLC membership units into Common Stock of the issuer, on a one-for-one basis. Upon such conversion an equivalent number of Class B Common shares of the issuer attributable to such exchanged LLC unites were retired without further action. Pursuant to the LLC Agreement, the conversion right attributable to the LLC units continues for an indefinite period until termination and dissolution of BioFuel Energy, LLC in accordance with the Agreement. /s/ Scott H. Pearce 2010-02-05