Ownership Submission
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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LEVAN ALAN B
   2. Issuer Name and Ticker or Trading Symbol
BANKATLANTIC BANCORP INC [BBX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of the Board and CEO
(Last)
(First)
(Middle)
2100 W. CYPRESS CREEK RD.		 3. Date of Earliest Transaction (Month/Day/Year)
09/29/2009
(Street)

FT. LAUDERDALE, FL 33309		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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
Class A Common Stock, par value $0.01 per share 09/29/2009   X   95,482 A $ 2 116,982 (1) D  
Class A Common Stock, par value $0.01 per share 09/29/2009   X   986 A $ 2 1,208 I By Levan Enterprises, Ltd.
Class A Common Stock, par value $0.01 per share 09/29/2009   X   662 A $ 2 811 I By Levan Partners, LLC
Class A Common Stock, par value $0.01 per share 09/29/2009   X   130,000 A $ 2 290,350 I By Levan BBX Stock Partners, LP
Class A Common Stock, par value $0.01 per share 09/29/2009   X   12,630 A $ 2 15,489 I By 401(k) Plan
Class A Common Stock, par value $0.01 per share               17,333,428 (2) I By BFC Financial Corporation

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Subscription Rights (Right to Buy) $ 2 09/29/2009   X     95,482   (3) 09/29/2009 Class A Common Stock, par value $0.01 per share 95,482 $ 0 0 D  
Subscription Rights (Right to Buy) $ 2 09/29/2009   X     986   (3) 09/29/2009 Class A Common Stock, par value $0.01 per share 986 $ 0 0 I By Levan Enterprises Ltd.
Subscription Rights (Right to Buy) $ 2 09/29/2009   X     662   (3) 09/29/2009 Class A Common Stock, par value $0.01 per share 662 $ 0 0 I By Levan Partners, LLC
Subscription Rights (Right to Buy) $ 2 09/29/2009   X     130,000   (3) 09/29/2009 Class A Common Stock, par value $0.01 per share 130,000 $ 0 0 I By Levan BBX Stock Partners, LP
Subscription Rights (Right to Buy) $ 2 09/29/2009   X     12,630   (3) 09/29/2009 Class A Common Stock, par value $0.01 per share 12,630 $ 0 0 I By 401(k) Plan

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LEVAN ALAN B
2100 W. CYPRESS CREEK RD.
FT. LAUDERDALE, FL 33309		   X   X   Chairman of the Board and CEO  

Signatures

 Valerie C. Toalson, EVP CFO, BankAtlantic Bancorp, Inc., Attorney-in-Fact for Alan B. Levan   10/01/2009
**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) On 1/3/2007, the reporting person filed a Form 4 reporting beneficial ownership of 107,500 shares. On 9/26/2008, the issuer effected a one-for-five reverse stock split. After giving effect to the reverse stock split, the reporting person owned 21,500 shares. Accordingly, as a result of the purchase of the shares reported hereby, the reporting person currently owns 116,982 shares.
(2) Shares benefically owned by BFC Financial Corporation, a public company which Mr. Levan may be deemed to control and for which Mr. Levan disclaims benefical ownership.
(3) Subscription rights were immediately exercisable.

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