SEC Form 4

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* LEVAN ALAN B (Last) (First) (Middle) 401 EAST LAS OLAS BOULEVARD SUITE 800 (Street) FORT LAUDERDALE FL 33301 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol BFC FINANCIAL CORP [ BFCF/BFCFB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) Chairman, CEO & President
	3. Date of Earliest Transaction (Month/Day/Year) 04/07/2014
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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	04/07/2014		S(2)		19,224	D	$3.6	2,443,714(1)	D
Class A Common Stock, par value $0.01 per share	04/07/2014		S(2)		29,368	D	$3.6	5,895,980(1)	I	By Levan Partners, LLC(3)
Class A Common Stock, par value $0.01 per share	04/08/2014		S(2)		9,891	D	$3.6	5,886,089(1)	I	By Levan Partners, LLC(3)
Class A Common Stock, par value $0.01 per share	04/08/2014		S(2)		173	D	$3.62	5,885,916(1)	I	By Levan Partners, LLC(3)
Class A Common Stock, par value $0.01 per share								1,270,294(1)	I	By Florida Partners Corporation
Class A Common Stock, par value $0.01 per share								11,440(1)	I	By spouse
Class A Common Stock, par value $0.01 per share								12,237	I	By Jarett Levan Children's Trust(3)
Class A Common Stock, par value $0.01 per share								12,237	I	By Donald Levan Children's Trust(3)
Class A Common Stock, par value $0.01 per share								12,237	I	By Rachelle Levan Children's Trust(3)
Class B Common Stock, par value $0.01 per share								291,829(1)	D
Class B Common Stock, par value $0.01 per share								2,019,456(1)	I	By Levan BFC Stock Partners, LP
Class B Common Stock, par value $0.01 per share								707,882(1)	I	By Levan Partners, LLC(3)
Class B Common Stock, par value $0.01 per share								133,314(1)	I	By Florida Partners Corporation
Class B Common Stock, par value $0.01 per share								1,200(1)	I	By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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. Shares of the issuer's Class B Common Stock are convertible on a share-for-share basis into the issuer's Class A Common Stock at any time in the holder's discretion.

2. The sales reported in this Form 4 were effected pursuant to the previously disclosed Rule 10b5-1 Trading Plans entered into by the reporting person and Levan Partners LLC on March 18, 2014.

3. The shares held by Levan Partners LLC were previously reported as being held by Levan Enterprises, Ltd. and/or I.R.E. Properties, Inc. Levan Enterprises, Ltd. and I.R.E. Properties, Inc. were liquidated and dissolved during December 2013, and their respective assets, including the shares of the issuer's Class A Common Stock and Class B Common Stock that were held, were transferred to Levan Partners LLC. In addition, the shares of the issuer's Class A Common Stock held by each of the trusts were previously reported as being held by Levan Enterprises, Ltd.

Remarks:

	John K. Grelle, Executive Vice President and Chief Financial Officer, BFC Financial Corporation, Attorney-in-Fact for Alan B. Levan	04/09/2014
	** 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).
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