SEC Form 4 · accession 0001072627-17-000205
KINGSWAY Corp · KWY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Stilwell
Director · 10% Owner
Period of report
Dec 19, 2017
Accepted (ET)
Dec 20, 2017 · 5:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001072627
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 19, 2017 | P | 2,500 | $5.3852 | A | 3,913,323 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 reports an acquisition on December 19, 2017, by the following entities: (a) Stilwell Activist Fund, L.P. (SAF) of 550 shares of KFS common stock at $5.3852 USD per share, and (b) Stilwell Activist Investments, L.P. (SAI) of 1,950 shares of KFS common stock at $5.3852 USD per share.
- F2After giving effect to the transactions reported herein, the shares of KFS common stock reported under Column 5 of Table I above are held directly by the following persons or entities: Joseph Stilwell (162,500 shares); Stilwell Associates, L.P. (Associates) (903,066 shares); SAI (2,534,350 shares); and SAF (313,407 shares). Of the total shares of KFS common stock reported under Column 5 of Table I above, 3,750,823 shares are beneficially owned indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC, which is the general partner of SAI, Associates and SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein. The address of SAI, Associates and SAF is the same as the address reported in Item 1 of this Form 4.