SEC Form 4 · accession 0001104659-16-144659
TIPTREE INC. · TIPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Sep 14, 2016 | S | 1,000,000 | $6.15 | D | 2,273,701 | D |
Table II — derivative securities
Remarks
The 1,000,000 of the shares of Class A Common Stock, par value $0.001 per share ("Common Stock"), of Tiptree Financial Inc. (the "Company") whose disposition is being reported in this Form 4 were previously owned by Nomura Securities Co., Ltd. (the "Sellers"). Pursuant to that Stock Purchase Agreement, dated as of September 14, 2016 (the "Purchase Agreement"), by and among the Company, Caroline Holdings LLC, a Delaware limited liability company (the "Buyer") and Tiptree Financial Inc. with the Sellers, the Sellers sold to the Buyer and the Buyer purchased from the Sellers, 1,000,000 shares of Common Stock for an aggregate purchase price of $6,150,000.