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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy) | $ 18.36 | 11/11/2011 | D(3) | 35,000 | 07/20/2010 | 07/20/2015 | Bluegreen Corporation Common Stock, $0.01 par | 35,000 | $ 0 | 0 | D | ||||
Stock Option (Right to Buy) | $ 18.36 | 11/11/2011 | A(3) | 35,000 | 07/20/2010 | 11/25/2011 | Bluegreen Corporation Common Stock, $0.01 par | 35,000 | $ 0 | 35,000 | D | ||||
Stock Option (Right to Buy) | $ 12.07 | 11/11/2011 | D(4) | 20,000 | 07/19/2011 | 07/19/2016 | Bluegreen Corporation Common Stock, $0.01 par | 20,000 | $ 0 | 0 | D | ||||
Stock Option (Right to Buy) | $ 12.07 | 11/11/2011 | A(4) | 20,000 | 07/19/2011 | 11/25/2011 | Bluegreen Corporation Common Stock, $0.01 par | 20,000 | $ 0 | 20,000 | D | ||||
Stock Option (Right to Buy) | $ 7.5 | 11/11/2011 | D(5) | 85,000 | 10/26/2011(6) | 05/21/2015 | Bluegreen Corporation Common Stock, $0.01 par | 85,000 | $ 0 | 0 | D | ||||
Stock Option (Right to Buy) | $ 7.5 | 11/11/2011 | A(5) | 85,000 | 10/26/2011(6) | 11/25/2011 | Bluegreen Corporation Common Stock, $0.01 par | 85,000 | $ 0 | 85,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PULEO ANTHONY M 4960 CONFERENCE WAY NORTH SUITE 100 BOCA RATON, FL 33431 |
Chief Financial Officer |
Anthony M. Puleo | 11/15/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents unvested restricted shares of the issuer's common stock which were relinquished by the reporting person (and canceled by the issuer) in exchange for cash payments totaling $168,244 to be made to the reporting person in two equal installments on December 31, 2011 and December 31, 2012. |
(2) | Amounts represent a previous grant of restricted stock to the reporting person's spouse, as compensation for her services as an employee of the issuer. This amount also includes 2,593 shares held by the reporting person's spouse in the issuer's 401(k) Plan. |
(3) | The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option, which was originally granted on July 20, 2005, was amended solely to change its expiration date from July 20, 2015 to November 25, 2011. |
(4) | The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option, which was originally granted on July 19, 2006, was amended solely to change its expiration date from July 19, 2016 to November 25, 2011. |
(5) | The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option, which was originally granted on May 21, 2008, was amended solely to change its expiration date from May 21, 2015 to November 25, 2011. |
(6) | The vesting date of the option was previously accelerated by the compensation committee of the issuer's board of directors from May 21, 2013 (or earlier under certain circumstances) to October 26, 2011. |