BGC Group, Inc. — Director's Dealing 2020

Mar 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BGC Partners, Inc. (BGCP)
CIK: 0001094831
Period of Report: 2020-03-02

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-02	BGC Holdings Exchangeable Limited Partnership Interests	$	A	110000	Acquired		Class A Common Stock, par value $0.01 per share (110000)	Direct
2020-03-02	BGC Holdings Exchangeable Limited Partnership Interests	$	A	250065	Acquired		Class A Common Stock, par value $0.01 per share (250065)	Direct

Footnotes

F1: On March 2, 2020, BGC Partners, Inc. (the "Company") granted the reporting person 110,000 exchange rights with respect to 110,000 non-exchangeable limited partnership interests of BGC Holdings, L.P. ("BGC Holdings") that were previously granted to the reporting person. The resulting 110,000 exchangeable limited partnership interests of BGC Holdings are immediately exchangeable by the reporting person for an aggregate of 110,000 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 March 2, 2020, the Company granted the reporting person 250,065 exchange rights with respect to 250,065 non-exchangeable limited partnership interests of BGC Holdings that were previously granted to the reporting person. The resulting 250,065 exchangeable limited partnership interests of BGC Holdings are immediately exchangeable by the reporting person for an aggregate of 250,065 shares of Class A common stock. The grant was approved by the Compensation Committee and was exempt pursuant to Rule 16b-3 under the Exchange Act.