BGC Group, Inc. — Director's Dealing 2020

Jul 31, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BGC Partners, Inc. (BGCP)
CIK: 0001094831
Period of Report: 2020-07-30

Reporting Person: MERKEL STEPHEN M (EVP and General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-30	BGC Holdings Exchangeable Limited Partnership Interests	$	D	174765	Disposed		Class A common stock, par value $0.01 per share (174765)	Direct

Footnotes

F1: On March 2, 2020, BGC Partners, Inc. (the "Company") granted the reporting person 360,065 exchange rights with respect to 360,065 non-exchangeable limited partnership interests of BGC Holdings, L.P. ("BGC Holdings") that were previously granted to the reporting person. The resulting 360,065 exchangeable limited partnership interests of BGC Holdings were immediately exchangeable by the reporting person for an aggregate of 360,065 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"). As previously reported, on March 20, 2020, the Company repurchased 185,300 of such 360,065 exchangeable limited partnership interests of BGC Holdings held by the reporting person.The transaction was approved by the Compensation

F2: (continued from footnote 1) Committee and is exempt pursuant to Rule 16b-3 under the Exchange Act.

F3: On July 30, 2020, the Company repurchased the remaining 174,765 exchangeable limited partnership interests of BGC Holdings held by the reporting person at a price of $2.76, the closing price of the Class A common stock on July 30, 2020. The transaction was approved by the Compensation Committee and is exempt pursuant to Rule 16b-3 under the Exchange Act.