Sec Form 4 Filing - KORNDER DAVID J @ BioFuel Energy Corp. - 2008-03-01

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 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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1. Name and Address of Reporting Person KORNDER DAVID J 2. Issuer Name and Ticker or Trading Symbol BioFuel Energy Corp. [ BIOF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive VP and CFO (Last) (First) (Middle) C/O BIOFUEL ENERGY CORP., 1801 BROADWAY, SUITE 1060 3. Date of Earliest Transaction (MM/DD/YY) 03/01/2008 (Street) DENVER, CO80202 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Option to Buy $ 5.59 03/01/2008 A 50,000 03/01/2009( 1 ) 02/28/2013( 2 ) Common Stock, $0.01 per share 50,000 $ 0 50,000 D

10% Owner Reporting Owners Reporting Owner Name / Address Relationships Director Officer Other KORNDER DAVID J C/O BIOFUEL ENERGY CORP. 1801 BROADWAY, SUITE 1060 DENVER, CO80202 Executive VP and CFO Signatures David J. Kornder 03/03/2008 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The stock options were granted to Mr. Kornder pursuant to the Issuer's 2007 Equity Incentive Compensation Plan and will vest 30%, 30% and 40% on each of the anniversary dates following the date of grant. ( 2 )Each option will expire upon the earlier of (i) the fifth anniversary of the date the option was granted and (ii) either (a) 90 days after the participanat who is holding the option ceases to be a director, officer, or employee of the Issuer or one of its affiliates for any reason other than the participant's death or (b) six months after the date the participant who is holding the option ceases to be a director, officer or employee of the issuer or one of its affiliates by reason of the participant's death.

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 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).

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