X0303 4 2011-06-10 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 and CEO Common Stock 2011-06-10 4 C 0 400000 0 A 980712 D Class B Common Stock 2011-06-10 4 J 0 400000 0 D 928837 D Membership Units in BioFuel Energy, LLC 0 2011-06-10 4 C 0 400000 0 D Common Stock 400000 928837 D Pursuant to the Third Amended and Restated LLC Agreement of BioFuel Energy, LLC, Mr. Pearce converted 400,000 LLC membership common 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 units were retired without further action. Pursuant to the Third Amended and Restated LLC Agreement of BioFuel Energy, LLC, the conversion right of common unit holders continues for an indefinite period until termination and dissolution of BioFuel Energy, LLC in accordance with the Agreement. /s/ Scott H. Pearce 2011-06-14