X0306 4 2012-08-30 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 Class B Common Stock 2012-08-30 4 J 0 16922 0 D 14521 D BioFuel Energy, LLC Membership Units 0 2012-08-30 4 J 0 16922 0 D Common Stock 16922 14521 D Forfeit by Mr. Pearce pursuant to the "true-up" provisions of the Second Amended and Restated Limited Liability Company Agreement of BioFuel Energy, LLC dated as of June 19, 2007. As adjusted for the 1-for-20 reverse stock split effective June 14, 2012. Pursuant to the Third Amended and Restated LLC Agreement of BioFuel Energy, LLC, each LLC common membership unit may be converted into shares of common stock of the Issuer, on a one-for-one basis, in which event an equivalent number of shares of Class B Common Stock of the Issuer will be retired. 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 Pearce 2012-08-31