XNYS:BKU BankUnited Inc Insider Activity 4 Filing - 2/29/2012

Effective Date 2/29/2012

XNYS:BKU (BankUnited Inc): Fair Value Estimate
Premium
XNYS:BKU (BankUnited Inc): Consider Buying
Premium
XNYS:BKU (BankUnited Inc): Consider Selling
Premium
XNYS:BKU (BankUnited Inc): Fair Value Uncertainty
Premium
XNYS:BKU (BankUnited Inc): Economic Moat
Premium
XNYS:BKU (BankUnited Inc): Stewardship
Premium
 
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT 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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
BLACKSTONE CAPITAL PARTNERS V L P
  2. Issuer Name and Ticker or Trading Symbol
BankUnited, Inc. [BKU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O THE BLACKSTONE GROUP, 345 PARK AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
02/29/2012
(Street)

NEW YORK, NY 10154
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/29/2012   J(1)   4,117,032 D (1) 6,313,634 I See footnotes(2)(6)(7)
Common Stock 02/29/2012   J(1)   1,287,389 D (1) 1,974,262 I See footnotes(3)(6)(7)
Common Stock 02/29/2012   J(1)   7,193 D (1) 11,031 I See footnotes(4)(6)(7)
Common Stock 02/29/2012   J(1)   4,180 D (1) 6,410 I See footnote(5)(6)(7)

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)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Nonvoting Convertible Preferred Stock (8) 02/29/2012   J(1)   4,117,032     (9)   (10) Common Stock 4,117,032 (1) 4,117,032 I See footnotes(2)(6)(7)
Series A Nonvoting Convertible Preferred Stock (8) 02/29/2012   J(1)   1,287,389     (9)   (10) Common Stock 1,287,389 (1) 1,287,389 I See footnotes(3)(6)(7)
Series A Nonvoting Convertible Preferred Stock (8) 02/29/2012   J(1)   7,193     (9)   (10) Common Stock 7,193 (1) 7,193 I See footnotes(4)(6)(7)
Series A Nonvoting Convertible Preferred Stock (8) 02/29/2012   J(1)   4,180     (9)   (10) Common Stock 4,180 (1) 4,180 I See footnote(5)(6)(7)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BLACKSTONE CAPITAL PARTNERS V L P
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Capital Partners V-AC L.P.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
Blackstone Management Associates V L.L.C.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    
BMA V L.L.C.
C/O THE BLACKSTONE GROUP
345 PARK AVENUE
NEW YORK, NY 10154
    X    

Signatures

 Blackstone Capital Partners V L.P. By: /s/ Chinh Chu Name: Chinh Chu Title: Authorized Person   02/29/2012
** Signature of Reporting Person Date

 Blackstone Capital Partners V-AC L.P. By: /s/ Chinh Chu Name: Chinh Chu Title: Authorized Person   02/29/2012
** Signature of Reporting Person Date

 Blackstone Management Associates V L.L.C. By: /s/ Chinh Chu Name: Chinh Chu Title: Authorized Person   02/29/2012
** Signature of Reporting Person Date

 BMA V L.L.C. By: /s/ Chinh Chu Name: Chinh Chu Title: Authorized Person   02/29/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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) Pursuant to an exchange agreement approved by the Board of Directors of BankUnited, Inc., shares of common stock, par value $0.01 per share ("Common Stock"), of BankUnited, Inc. were exchanged for a like number of shares of Series A Nonvoting Convertible Preferred Stock, par value $0.01 per share.
(2) These securities are held by Blackstone Capital Partners V L.P. ("BCP V").
(3) These securities are held by Blackstone Capital Partners V-AC L.P. ("BCP V-AC").
(4) These securities are held by Blackstone Family Investment Partnership V L.P. ("Family").
(5) These securities are held by Blackstone Participation Partnership V L.P. ("Participation").
(6) The general partner of BCP V and BCP V-AC is Blackstone Management Associates V L.L.C. BMA V L.L.C. is the sole member of Blackstone Management Associates V L.L.C. The general partner of Family and Participation is BCP V Side-By-Side GP L.L.C. Blackstone Holdings III L.P. is the managing member and the owner of a majority in interest of BMA V L.L.C. and the sole member of BCP V Side-By-Side GP L.L.C. Blackstone Holdings III L.P. is indirectly controlled by The Blackstone Group L.P. The Blackstone Group L.P. is controlled by its general partner, Blackstone Group Management L.L.C., which is in turn controlled by its founder, Stephen A. Schwarzman.
(7) Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
(8) The Series A Nonvoting Convertible Preferred Stock is convertible into shares of Common Stock on a one-for-one basis.
(9) The Series A Nonvoting Convertible Preferred Stock is convertible into shares of Common Stock immediately upon issuance.
(10) The conversion of the Series A Nonvoting Convertible Preferred Stock has no expiration date.
 
Remarks:
Because no more than 10 reporting persons can file any one Form 4 through the Securities and Exchange Commission's EDGAR system, Blackstone Family Investment Partnership V, L.P., Blackstone Participation Partnership V, L.P., BCP V Side-by-Side GP L.L.C., Blackstone Holdings III L.P., The Blackstone Group L.P., Blackstone Group Management L.L.C. and Stephen A. Schwarzman have filed a separate Form 4.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XNYS:BKU BankUnited Inc Insider Activity 4 Filling

BankUnited Inc XNYS:BKU Stock - Get Insider Activity SEC Filing of BankUnited Inc XNYS:BKU stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNYS:BKU BankUnited Inc Insider Activity 4 Filing - 2/29/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices Title |  Date |  Company |  Symbol |  Interest |  Popularity

Previous: XNYS:BKU BankUnited Inc Insider Activity 4 Filing - 2/24/2012  |  Next: XNYS:BKU BankUnited Inc Insider Activity 4 Filing - 2/29/2012