Green Brick Partners, Inc. Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

DALLAS, Oct. 31, 2014 /PRNewswire/ -- GREEN BRICK PARTNERS, INC. (NASDAQ:GRBK)(the "Company" or "Green Brick"), today announced a stock option grant to James R. Brickman, the newly appointed Chief Executive Officer of the Company, as an inducement material to Mr. Brickman entering into employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4).  The award was granted on October 27, 2014 in connection with closing of the Company's acquisition of various JBGL entities (the "Acquisition").  The Company granted Mr. Brickman a stock option to purchase 500,000 shares of the Company's common stock with a per share exercise price of $7.4861, which was based on the weighted average price of the Company's common stock for the five trading days immediately prior to the date of grant. Subject to Mr. Brickman's continued employment with the Company, the stock option will vest and become exercisable in five equal installments on each of the first five anniversaries of the date of grant.

Cautionary Statement Regarding Forward-Looking Statements

Any statements in this press release about Green Brick's expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance, including statements regarding the Acquisition and effects of the Acquisition, that are not historical facts are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "believe," "anticipate," "should," "intend," "plan," "will," "expect(s)," "estimate(s)," "project(s)," "positioned," "strategy," "outlook" and similar expressions. These statements are based on assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Accordingly, all such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: economic changes either nationally or in the markets in which we operate, including declines in employment, volatility of mortgage interest rates and inflation; a downturn in the homebuilding industry; continued volatility and uncertainty in the credit markets and broader financial markets; our future operating results and financial condition; our business operations; changes in our business and investment strategy; availability of land to acquire and our ability to acquire such land on favorable terms or at all; availability, terms and deployment of capital; continued or increased disruption in the availability of mortgage financing or the number of foreclosures in our markets; shortages of or increased prices for labor, land or raw materials used in housing construction; delays in land development or home construction resulting from adverse weather conditions or other events outside our control; the cost and availability of insurance and surety bonds; changes in, or the failure or inability to comply with, governmental laws and regulations; the interpretation of or changes to tax, labor and environmental laws; the timing of receipt of regulatory approvals and the opening of projects; required accounting changes; the degree and nature of our competition; our leverage and debt service obligations; operating and business disruption following the Acquisition; and operating Green Brick as a public company.  Additional factors that could cause actual results to differ from those anticipated are discussed in the definitive proxy statement filed by BioFuel Energy Corp. (the former name of Green Brick) with the Securities and Exchange Commission on September 18, 2014. Because the factors referred to above could cause actual results or outcomes to differ materially from those expressed or implied in any forward-looking statements made by Green Brick, you should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date of this press release, and Green Brick undertakes no obligation to update any forward-looking statement to reflect events or circumstances after such date.

Contact: Jason Corley
(214) 453-0145

SOURCE Green Brick Partners, Inc.