Edgar Filing: CENTERBRIDGE CAPITAL PARTNERS STRATEGIC L P

Ownership Submission

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, 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 ^*

Â CENTERBRIDGE CAPITAL PARTNERS L P

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

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

(Last)

(First)

(Middle)

375 PARK AVENUE,Â 12TH FLOOR

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

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
See Footnote 1

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

NEW YORK,Â NYÂ 10152

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 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	16,047,570	D ⁽¹⁾ ⁽²⁾	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	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.

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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CENTERBRIDGE CAPITAL PARTNERS L P 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1
CENTERBRIDGE CAPITAL PARTNERS STRATEGIC L P 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1
Centerbridge Capital Partners SBS, L.P. 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1
CB BU Investors, L.L.C. 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1
CB BU Investors II, L.L.C. 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1
CB BU Investors III. L.L.C. 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1
Centerbridge Associates, L.P. 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1
Centerbridge GP Investors, LLC 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1
Gallogly Mark T 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1
Aronson Jeffrey 375 PARK AVENUE 12TH FLOOR NEW YORK,Â NYÂ 10152	Â	Â X	Â	See Footnote 1

Signatures

Centerbridge Capital Partners, L.P. By: Centerbridge Associates, L.P., its general partner By: Centerbridge GP Investors, L.L.C., its general partner By: /s/ Mark T. Gallogly Name: Mark T. Gallogly Title: Authorized Signatory		01/27/2011
^**Signature of Reporting Person		Date
Centerbridge Capital Partners SBS, L.P. By: Centerbridge Associates, L.P., its general partner By: Centerbridge GP Investors, L.L.C., its general partner By: /s/ Mark T. Gallogly Name: Mark T. Gallogly Title: Authorized Signatory		01/27/2011
^**Signature of Reporting Person		Date
Centerbridge Capital Partners Strategic, L.P. By: Centerbridge Associates, L.P., its general partner By: Centerbridge GP Investors, L.L.C., its general partner By: /s/ Mark T. Gallogly Name: Mark T. Gallogly Title: Authorized Signatory		01/27/2011
^**Signature of Reporting Person		Date
CB BU Investors, L.L.C. By: Centerbridge Associates, L.P., its general partner By: Centerbridge GP Investors, L.L.C., its general partner By: /s/ Mark T. Gallogly Name: Mark T. Gallogly Title: Authorized Signatory		01/27/2011
^**Signature of Reporting Person		Date
CB BU Investors II, L.L.C. By: Centerbridge Associates, L.P., its general partner By: Centerbridge GP Investors, L.L.C., its general partner By: /s/ Mark T. Gallogly Name: Mark T. Gallogly Title: Authorized Signatory		01/27/2011
^**Signature of Reporting Person		Date
CB BU Investors III, L.L.C. By: Centerbridge Associates, L.P., its general partner By: Centerbridge GP Investors, L.L.C., its general partner By: /s/ Mark T. Gallogly Name: Mark T. Gallogly Title: Authorized Signatory		01/27/2011
^**Signature of Reporting Person		Date
Centerbridge Associates, L.P. By: Centerbridge GP Investors, L.L.C., its general partner By: /s/ Mark T. Gallogly Name: Mark T. Gallogly Title: Authorized Signatory		01/27/2011
^**Signature of Reporting Person		Date
Centerbridge GP Investors, L.L.C. By: /s/ Mark T. Gallogly Name: Mark T. Gallogly Title: Authorized Signatory		01/27/2011
^**Signature of Reporting Person		Date
By: /s/ Mark T. Gallogly		01/27/2011
^**Signature of Reporting Person		Date
By: /s/ Jeffrey Aronson		01/27/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The shares of common stock of BankUnited, Inc. ("Common Stock") to which this Form 3 relates are directly owned as follows: (i) 13,685,506 shares of Common Stock directly owned by Centerbridge Capital Partners, L.P.; (ii) 505,531 shares of Common Stock directly owned by Centerbridge Capital Partners Strategic, L.P.; (iii) 22,525 shares of Common Stock directly owned by Centerbridge Capital Partners SBS, L.P.; (iv) 871,154 shares of Common Stock directly owned by CB BU Investors, L.L.C., (v) 504,352 shares of Common Stock directly owned by CB BU Investors II, L.L.C.; and (vi) 458,502 shares of Common Stock directly owned by CB BU Investors III, L.L.C. (collectively, the "Centerbridge Funds").
(2)	Centerbridge Associates, L.P. is the general partner of each of the Centerbridge Funds. Centerbridge GP Investors, L.L.C. is the general partner of Centerbridge Associates, L.P. Mark Gallogly and Jeffrey Aronson are the managing members of Centerbridge GP Investors, L.L.C. Mark Gallogly and Jeffrey Aronson each disclaim beneficial ownership of the shares of Common Stock beneficially owned by the Centerbridge Funds.
Â Remarks: EachÂ ofÂ theÂ ReportingÂ PersonsÂ disclaimsÂ beneficialÂ ownershipÂ ofÂ theÂ securitiesÂ reportedÂ herein,Â exceptÂ toÂ theÂ extentÂ ofÂ suchÂ ReportingÂ Person'sÂ pecuniaryÂ interestÂ therein.Â TheÂ filingÂ ofÂ thisÂ statementÂ shallÂ notÂ beÂ deemedÂ toÂ beÂ anÂ admissionÂ that,Â forÂ purposesÂ ofÂ SectionÂ 16Â ofÂ theÂ SecuritiesÂ ExchangeÂ ActÂ ofÂ 1934Â orÂ otherwise,Â theÂ ReportingÂ PersonsÂ areÂ theÂ beneficialÂ ownersÂ ofÂ anyÂ securitiesÂ reportedÂ herein.

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