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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001181431-08-011206.txt : 20080215
<SEC-HEADER>0001181431-08-011206.hdr.sgml : 20080215
<ACCEPTANCE-DATETIME>20080215171649
ACCESSION NUMBER:		0001181431-08-011206
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080213
FILED AS OF DATE:		20080215
DATE AS OF CHANGE:		20080215

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Bidgood David
		CENTRAL INDEX KEY:			0001420732

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09292
		FILM NUMBER:		08623637

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		561-912-8000

	MAIL ADDRESS:	
		STREET 1:		4960 CONFERENCE WAY NORTH
		STREET 2:		SUITE 100
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33483

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLUEGREEN CORP
		CENTRAL INDEX KEY:			0000778946
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
		IRS NUMBER:				030300793
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4960 BLUE LAKE DRIVE
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33431
		BUSINESS PHONE:		5619128000

	MAIL ADDRESS:	
		STREET 1:		4960 BLUE LAKE DRIVE
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33431

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PATTEN CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd195366.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-02-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000778946</issuerCik>
        <issuerName>BLUEGREEN CORP</issuerName>
        <issuerTradingSymbol>BXG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001420732</rptOwnerCik>
            <rptOwnerName>Bidgood David</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4960 CONFERENCE WAY NORTH</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 100</rptOwnerStreet2>
            <rptOwnerCity>BOCA RATON</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33431</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Senior Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Bluegreen Corporation Common Stock, $0.01 par</value>
            </securityTitle>
            <transactionDate>
                <value>2008-02-13</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2008-02-13</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>56391</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>81623</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Bluegreen Corporation Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Bluegreen Corporation Common Stock, $0.01 par</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>254000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Represents restricted stock vesting on February 13, 2013.</footnote>
        <footnote id="F2">Stock was granted to Mr. Bidgood as compensation for being an officer of Bluegreen Corporation pursuant to the Bluegreen Corporation 2005 Stock Incentive Plan.</footnote>
        <footnote id="F3">Represents options granted prior to February 13, 2008.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Anthony M. Puleo as Attorney-in-fact for David Bidgood</signatureName>
        <signatureDate>2008-02-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----