SEC FORM 4

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

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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^*

ABDO JOHN E

(Last)

(First)

(Middle)

2100 W. CYPRESS CREEK RD.

(Street)

FT. LAUDERDALE

33309

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BANKATLANTIC BANCORP INC [ BBX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2006

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/10/2006		M		110,028	A	$3.8172	555,040	I	Abdo Trust⁽²⁾
Class A Common Stock	02/10/2006		M		70,417	A	$5.2722	625,457	I	Abdo Trust⁽²⁾
Class A Common Stock	02/10/2006		M		45,067	A	$6.3239	670,524	I	Abdo Trust⁽²⁾
Class A Common Stock	02/10/2006		M		45,067	A	$4.7429	715,591	I	Abdo Trust⁽²⁾
Class A Common Stock	02/10/2006		M		32,197	A	$3.1057	747,788	I	Abdo Trust⁽²⁾
Class A Common Stock	02/10/2006		M		6,991	A	$2.8232	754,779	I	Abdo Trust⁽²⁾
Class A Common Stock	02/10/2006		M		30,645	A	$3.263	785,424	I	Abdo Trust⁽²⁾
Class A Common Stock	02/10/2006		M		8,543	A	$2.9664	793,967	I	Abdo Trust⁽²⁾
Class A Common Stock	02/10/2006		F		173,357	D	$13.73	620,610	I	Abdo Trust⁽²⁾
Class A Common Stock								42,232.16⁽³⁾	I	401(k) Plan

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options to Buy Class A Common Stock	$3.8172	02/10/2006		M			110,028	⁽¹⁾	07/09/2006	Class A Common Stock	110,028	$0	0	I	Abdo Trust⁽²⁾
Options to Buy Class A Common Stock	$5.2722	02/10/2006		M			70,417	⁽¹⁾	05/06/2007	Class A Common Stock	70,417	$0	0	I	Abdo Trust⁽²⁾
Options to Buy Class A Common Stock	$6.3239	02/10/2006		M			45,067	⁽¹⁾	08/04/2008	Class A Common Stock	45,067	$0	0	I	Abdo Trust⁽²⁾
Options to Buy Class A Common Stock	$4.7429	02/10/2006		M			45,067	⁽¹⁾	04/06/2009	Class A Common Stock	45,067	$0	0	I	Abdo Trust⁽²⁾
Options to Buy Class A Common Stock	$3.1057	02/10/2006		M			32,197	⁽¹⁾	05/02/2010	Class A Common Stock	32,197	$0	0	I	Abdo Trust⁽²⁾
Options to Buy Class A Common Stock	$2.8232	02/10/2006		M			6,991	⁽¹⁾	05/02/2010	Class A Common Stock	6,991	$0	0	I	Abdo Trust⁽²⁾
Options to Buy Class A Common Stock	$3.263	02/10/2006		M			30,645	⁽¹⁾	01/02/2011	Class A Common Stock	30,645	$0	0	I	Abdo Trust⁽²⁾
Options to Buy Class A Common Stock	$2.9664	02/10/2006		M			8,543	⁽¹⁾	01/02/2011	Class A Common Stock	8,543	$0	0	I	Abdo Trust⁽²⁾

Explanation of Responses:

1. Options are currently exercisable.

2. Trust f/b/o John E. Abdo under Trust Agreement dated 3/15/76, John E. Abdo, Trustee

3. Represents number of units held by the reporting person in the Company stock fund in the Company's 401(k) plan. The 401(k) plan administrator has reported that these units represented 37,150.78 shares of the Company's Class A Common Stock held in the 401(k) plan on December 31, 2005.

Remarks:

	James A. White, EVP CFO, BankAtlantic Bancorp, Inc., Attorney-in-Fact for John E. Abdo	02/14/2006
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.