SEC Filing | BankUnited, Inc.

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SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

ROSS WILBUR L JR

(Last)

(First)

(Middle)

319 CLEMATIS STREET

ROOM 1000 (10TH FLOOR)

(Street)

WEST PALM BEACH

33401

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/27/2011

3. Issuer Name and Ticker or Trading Symbol
BankUnited, Inc. [ BKU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01 per share	20,374,728	I⁽¹⁾⁽²⁾	See Footnotes⁽¹⁾⁽²⁾
Common Stock, par value $0.01 per share	74,461	D⁽²⁾⁽³⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

1. Name and Address of Reporting Person^*

ROSS WILBUR L JR

(Last)

(First)

(Middle)

319 CLEMATIS STREET

ROOM 1000 (10TH FLOOR)

(Street)

WEST PALM BEACH

33401

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

El Vedado, LLC

(Last)

(First)

(Middle)

319 CLEMATIS STREET

ROOM 1000 (10TH FLOOR)

(Street)

WEST PALM BEACH

33401

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WLR/GS Master Co-Investment, L.P.

(Last)

(First)

(Middle)

C/O WL ROSS & CO. LLC

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WLR Master Co-Investment GP LLC

(Last)

(First)

(Middle)

C/O WL ROSS & CO. LLC

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WLR IV PARALLEL ESC LP

(Last)

(First)

(Middle)

C/O WL ROSS & CO. LLC

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

INVESCO WLR IV Associates LLC

(Last)

(First)

(Middle)

C/O WL ROSS & CO. LLC

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Invesco Private Capital, Inc.

(Last)

(First)

(Middle)

C/O WL ROSS & CO. LLC

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WLR Recovery Fund IV LP

(Last)

(First)

(Middle)

C/O WL ROSS & CO. LLC

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WLR Recovery Associates IV LLC

(Last)

(First)

(Middle)

C/O WL ROSS & CO. LLC

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WL Ross Group, L.P.

(Last)

(First)

(Middle)

C/O WL ROSS & CO. LLC

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK

10036

(City)

(State)

(Zip)

Explanation of Responses:

1. Represents 18,540,720 shares of common stock held directly by WLR Recovery Fund IV, L.P. ("Fund IV") and 1,834,008 shares of common stock held directly by WLR/GS Master Co-Investment, L.P. ("WLR/GS Fund"). Wilbur L. Ross, Jr. is the Chairman and Chief Executive Officer of WL Ross & Co. LLC and the managing member of El Vedado, LLC, the general partner of WL Ross Group, L.P., which in turn is the managing member of WLR Recovery Associates IV LLC and WLR Master Co-Investment GP, LLC. WLR Recovery Associates IV LLC is the general partner of Fund IV and WLR Master Co-Investment GP, LLC is the general partner of WLR/GS Fund. WL Ross & Co. LLC is the investment manager of Fund IV and WLR/GS Fund.

2. Each of the Reporting Persons disclaims beneficial ownership of any securities except to the extent of its pecuniary interest therein.

3. Represents 74,461 shares of common stock held directly by WLR IV Parallel ESC, L.P. ("Parallel Fund"). Invesco Private Capital, Inc. is the managing member of INVESCO WLR IV Associates LLC, which is in turn the general partner of Parallel Fund. WL Ross & Co. LLC is the investment manager of the Parallel Fund.

Remarks:

Exhibit 99.1 (Joint Filer Information) incorporated herein by reference. Due to technical limitations in the number of reporting persons that can be included in a Section 16 filing, this Form 3 is being filed in two separate filings. This is filing no. 1 of 2. Filing no. 2 is made solely for the purpose of including WL Ross & Co. LLC as a reporting person in this filing no. 1.

	/s/ Wilbur L. Ross	01/27/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

Unassociated Document

Exhibit 99.1

Joint Filer Information

Name of Joint Filer:

WLR RECOVERY FUND IV, L.P.

Address of Joint Filer:	c/o WL Ross & Co. LLC
	1166 Avenue of the Americas

New York, NY 1136

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

WLR RECOVERY FUND IV, L.P.

By:	WLR Recovery Associates IV LLC,
	its General Partner
By:	WL Ross Group, L.P.,
	its Managing Member
By:	El Vedado, LLC,
	its General Partner

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross, Jr.,
	its Managing Member

January 27, 2011

Joint Filer Information

Name of Joint Filer:

WLR RECOVERY ASSOCIATES IV LLC

Address of Joint Filer:	c/o WL Ross & Co. LLC
	1166 Avenue of the Americas

New York, NY 1136

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

WLR RECOVERY ASSOCIATES IV LLC

By:	WL Ross Group, L.P.,
	its Managing Member
By:	El Vedado, LLC, its General Partner

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross, Jr.,
	its Managing Member

January 27, 2011

Joint Filer Information

Name of Joint Filer:

WL ROSS GROUP, L.P.

Address of Joint Filer:	c/o WL Ross & Co. LLC
	1166 Avenue of the Americas

New York, NY 1136

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

WL ROSS GROUP, L.P.

By:	El Vedado, LLC, its General Partner

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross, Jr.,
	its Managing Member

January 27, 2011

Joint Filer Information

Name of Joint Filer:

EL VEDADO, LLC

Address of Joint Filer:	319 Clematis Street, Room 1000 (10th Floor)
	West Palm Beach, FL 33401

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

EL VEDADO, LLC

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross, Jr.,
	its Managing Member

January 27, 2011

Joint Filer Information

Name of Joint Filer:

WLR/GS MASTER CO-INVESTMENT, L.P.

Address of Joint Filer:	c/o WL Ross & Co. LLC
	1166 Avenue of the Americas

New York, NY 1136

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

WLR/GS MASTER CO-INVESTMENT, L.P.

By:	WLR Master Co-Investment GP, LLC
	its General Partner
By:	WL Ross Group, L.P.,
	its Managing Member
By:	El Vedado, LLC,
	its General Partner

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross, Jr.,
	its Managing Member

January 27, 2011

Joint Filer Information

Name of Joint Filer:

WLR MASTER CO-INVESTMENT GP, LLC

Address of Joint Filer:	c/o WL Ross & Co. LLC
	1166 Avenue of the Americas

New York, NY 1136

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

WLR MASTER CO-INVESTMENT GP, LLC

By:	WL Ross Group, L.P.,
	its Managing Member
By:	El Vedado, LLC, its General Partner

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross, Jr.,
	its Managing Member

January 27, 2011

Joint Filer Information

Name of Joint Filer:

WLR IV PARALLEL ESC, L.P.

Address of Joint Filer:	c/o WL Ross & Co. LLC
	1166 Avenue of the Americas

New York, NY 1136

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

WLR IV PARALLEL ESC, L.P.

By:	INVESCO WLR IV ASSOCIATES LLC
	its General Partner

By:	INVESCO Private Capital, Inc.
	its Managing Member

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross, Jr.,
	its Chief Executive Officer

January 27, 2011

Joint Filer Information

Name of Joint Filer:

INVESCO WLR IV ASSOCIATES, LLC

Address of Joint Filer:	c/o WL Ross & Co. LLC
	1166 Avenue of the Americas

New York, NY 1136

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

INVESCO WLR IV ASSOCIATES, LLC

By:	INVESCO Private Capital, Inc.
	its Managing Member

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross,
	its Chief Executive Officer

January 27, 2011

Joint Filer Information

Name of Joint Filer:

INVESCO PRIVATE CAPITAL, INC.

Address of Joint Filer:	c/o WL Ross & Co. LLC
	1166 Avenue of the Americas

New York, NY 1136

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

INVESCO PRIVATE CAPITAL, INC.

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross, Jr.,
	its Chief Executive Officer

January 27, 2011

Joint Filer Information

Name of Joint Filer:

WL ROSS & CO. LLC

Address of Joint Filer:	1166 Avenue of the Americas
	New York, NY 1136

Relationship of Joint Filer to Issuer:

10% Owner

Issuer Name and Ticker or Trading Symbol:

BankUnited, Inc. (BKU)

Date of Event Requiring Statement
(Month/Day/Year):	1/27/2011

Designated Filer:

Wilbur L. Ross Jr.

Signature:

WL ROSS & CO. LLC

By:	/s/ Wilbur L. Ross, Jr.
	Wilbur L. Ross, Jr.,
	its Managing Member

January 27, 2011