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BGC Group, Inc. — Director's Dealing 2016
Feb 25, 2016
31094_dirs_2016-02-25_94071c87-8525-43f6-b3df-46d126827db6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BGC Partners, Inc. (BGCP)
CIK: 0001094831
Period of Report: 2016-02-23
Reporting Person: CANTOR FITZGERALD, L. P. (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-23 | Class A Common Stock, par value $0.01 per share | D | 5000000 | $8.72 | Disposed | 17493516 | Direct |
| 2016-02-23 | Class A Common Stock, par value $0.01 per share | G | 970639 | — | Disposed | 16521272 | Direct |
Footnotes
F1: On February 23, 2016, Cantor Fitzgerald, L.P. ("CFLP") sold 5,000,000 shares of Class A common stock, par value $0.01 per share (the "Class A Common Stock") of BGC Partners, Inc. (the "Company") to the Company in a transaction exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended, at a price equal to the closing price per share of the Class A Common Stock on the date of such sale. This transaction was included in the Company's stock repurchase authorization and was approved by the Audit Committee of the Board of Directors.
F2: Represents a gift of 970,639 shares of Class A Common Stock by CFLP to a charitable organization. These shares were repurchased on the same date by the Company as part of the Company's stock repurchase authorization.