Green Brick Partners, Inc. — Director's Dealing 2012

Aug 31, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BioFuel Energy Corp. (BIOF)
CIK: 0001373670
Period of Report: 2012-08-30

Reporting Person: Pearce Scott H (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-30	Class B Common Stock	J	16922	—	Disposed	14521	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-30	BioFuel Energy, LLC Membership Units	$0	J	16922	Disposed		Common Stock (16922)	Direct

Footnotes

F1: Forfeit by Mr. Pearce pursuant to the "true-up" provisions of the Second Amended and Restated Limited Liability Company Agreement of BioFuel Energy, LLC dated as of June 19, 2007.

F2: As adjusted for the 1-for-20 reverse stock split effective June 14, 2012.

F3: Pursuant to the Third Amended and Restated LLC Agreement of BioFuel Energy, LLC, each LLC common membership unit may be converted into shares of common stock of the Issuer, on a one-for-one basis, in which event an equivalent number of shares of Class B Common Stock of the Issuer will be retired. The conversion right of common unit holders continues for an indefinite period until termination and dissolution of BioFuel Energy, LLC in accordance with the Agreement.