X0303 4 2010-05-20 0 0001373670 BioFuel Energy Corp. BIOF 0001424443 Jaffee Richard I BIOFUEL ENERGY CORP. 1600 BROADWAY, SUITE 2200 DENVER CO 80202 1 0 0 0 Common Stock 2010-05-20 4 A 0 2500 A 10000 D Option to Buy 1.72 2010-05-20 4 A 0 5000 A 2011-05-20 2015-05-20 Common Stock 5000 20000 D Award of Restricted Stock granted on May 20,2010 pursuant to the 2007 Equity Incentive Compensation Plan, which shares vest on the first anniversary of the date of grant. Each option will expire upon the earlier of (i) the fifth anniversary of the grant date or (ii) either (x) 90 days after the holder ceases to be a director of the Company or one of its affiliates for any reason other than the holder's death or (y) six months after the holder ceases to be a director by reason of the holder's death. Award granted under the 2007 Equity Incentive Compensation Plan, upon re-election to the Board of Directors at the Company's 2010 Annual Meeting of Stockholders. Richard Jaffee by Power of Attorney 2010-05-21