BGC Group, Inc. — Director's Dealing 2020

Aug 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BGC Partners, Inc. (BGCP)
CIK: 0001094831
Period of Report: 2020-08-05

Reporting Person: Windeatt Sean A (Chief Operating Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-05	BGC Holdings Exchangeable Limited Partnership Interests	$	D	457514	Disposed		Class A common stock, par value $0.01 per share (457514)	Direct

Footnotes

F1: On March 2, 2020, BGC Partners, Inc. (the "Company") granted the reporting person 519,725 exchange rights with respect to 519,725 non-exchangeable limited partnership interests of BGC Holdings, L.P. ("BGC Holdings") that were previously granted to the reporting person. The resulting 519,725 exchangeable limited partnership interests of BGC Holdings were immediately exchangeable by the reporting person for an aggregate of 519,725 shares of Class A common stock, par value $0.01 per share, of the Company ("Class A common stock"). The grant was approved by the Compensation Committee of the Board of Directors of the Company (the "Compensation Committee") and was exempt pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

F2: On August 5, 2020, the Company repurchased 436,665 of such 519,725 exchangeable limited partnership interests held by Mr. Windeatt at a price of $2.90, the closing price of shares of Class A common stock on August 5, 2020. In connection with such repurchase, an additional 20,849 of such 519,725 exchangeable limited partnership interests held by Mr. Windeatt were redeemed for zero. The transactions were approved by the Compensation Committee and are exempt pursuant to Rule 16b-3 under the Exchange Act.