TIPTREE FINANCIAL INC. 4
4 · TIPTREE FINANCIAL INC. · Filed Jul 3, 2013
Insider Transaction Report
Form 4
Huvane Patrick
Principal Accounting Officer
Transactions
- Other
Class A Common Stock
2013-07-01+15,853→ 15,853 total
Footnotes (2)
- [F1]On July 1, 2013, the reporting person received 15,853 shares of Class A Common Stock of the Issuer previously beneficially owned by Tiptree Financial Partners, L.P. ("Tiptree LP"), in exchange for the redemption of certain of his limited partnership interests in Tiptree LP in accordance with a private offer by Tiptree LP to its limited partners.
- [F2]The consideration for the acquisition of the applicable shares of Class A Common Stock of the Issuer by the reporting person was the reporting person's proportionate interests in Tiptree LP, at a ratio of 2.798 shares of Class A Common Stock of the Issuer in exchange for each limited partnership unit of Tiptree LP, transferred by the reporting person to Tiptree LP for cancellation. As of December 31, 2012, Tiptree LP had a GAAP book value of $34.84 per limited partnership unit.