SEC Form 5/A · accession 0001140361-16-053589
OXBRIDGE RE HOLDINGS Ltd · OXBR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 5/A). It replaces an earlier filing for the same period.
Reporting owner
Paresh Patel
Director
Period of report
Dec 31, 2015
Accepted (ET)
Feb 17, 2016 · 2:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001584831
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2 | Dec 31, 2015 | J | 74,985 | $0.00 | A | 130,000 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to Purchase Ordinary SharesF1,F2,F3 | $7.50 | Dec 31, 2015 | J | 151,123 | A | — | Mar 31, 2019 | Ordinary Shares | 151,123 | 262,000 | I |
Explanation of responses
- F1On December 31, 2015, the reporting person bought out the other members of Dharma Partners, LLC, which is the 100% owner of Moksha Capital Partners Re (P) Ltd., which is the owner of 130,000 ordinary shares of the issuer and 262,000 warrants to purchase ordinary shares. As a result of the buyout, reporting person indirectly acquired beneficial ownership of all 130,000 ordinary shares and 262,000 warrants held by Moksha Capital Partners Re (P) Ltd., an increase of 74,985 in the number of ordinary shares and an increase of 151,123 in the number of warrants, respectively, previously reported as being held by the reporting person prior to the buyout.
- F2Shares are held by Moksha Capital Partners Re (P) Ltd., which is 100% owned by Dharma Partners, LLC. Reporting person is 100% owner of Dharma Partners, LLC.
- F3Immediately exercisable.