4//SEC Filing
Inayatullah Arif 4
Accession 0001628280-18-004210
CIK 0001393726other
Filed
Apr 11, 8:00 PM ET
Accepted
Apr 12, 3:59 PM ET
Size
14.8 KB
Accession
0001628280-18-004210
Insider Transaction Report
Form 4
TIPTREE INC.TIPT
Inayatullah Arif
10% Owner
Transactions
- Other
Tiptree Financial Partners, L.P. partnership unit
2018-04-10−616,353→ 0 totalFrom: 2014-07-01→ Class A Common Stock (1,724,556 underlying) - Other
Tiptree Financial Partners, L.P. partnership unit warrant
2018-04-10−143,662→ 0 totalExercise: $7.59From: 2014-07-01Exp: 2022-06-30→ Class A Common Stock (401,854 underlying) - Other
Tiptree Inc. warrant 2018
2018-04-10+26,137→ 26,137 totalExercise: $11.33From: 2018-04-10Exp: 2018-09-30→ Class A Common Stock (26,137 underlying) - Other
Tiptree Inc. warrant 2022
2018-04-10+401,854→ 401,854 totalExercise: $7.59From: 2018-04-10Exp: 2022-06-30→ Class A Common Stock (401,854 underlying) - Other
Class A Common Stock
2018-04-10+1,724,556→ 2,940,662 total
Footnotes (3)
- [F1]On 4/10/18, Tiptree Inc. ("Tiptree") merged with its subsidiary, Tiptree Financial Partners, L.P. ("TFP") with Tiptree as the surviving company (the "Merger"). Prior to the Merger, Tiptree owned 84% of TFP with the remainder owned by limited partners, one of whom was Mr. Inayatullah. In the Merger, each limited partner of TFP received for its TFP units (the "LP Units"), (i) the number of Tiptree Class A common stock ("Tiptree Shares") that they were entitled to exchange into using the existing rate of 2.798 Tiptree Shares per LP Unit (ii) a warrant, expiring 9/30/18, to purchase Tiptree Shares ("2018 Warrant") and (iii) warrants to acquire Tiptree Shares on the same economic terms as their existing warrants to acquire LP Units ("2022 Warrant"). Mr. Inayatullah received (i) 1,724,556 Tiptree Shares for his 616,353 LP Units; (ii) the 2018 Warrant exercisable to acquire 26,137 Tiptree Shares; and (iii) the 2022 Warrant exercisable to acquire 401,854 Tiptree Shares.
- [F2]From and after July 1, 2014, the limited partners of TFP have the ability to exchange TFP partnership units for Tiptree Class A common stock at a rate of 2.798 shares of Class A common stock per partnership unit.
- [F3]In connection with the Reorganization Merger, the original warrant, expiring on September 30, 2018, held by TFP to acquire up to 652,500 Tiptree Shares at an exercise price of $11.33 per share was canceled and converted into the right to receive a pro-rata portion of the 2018 Warrant. Mr. Inayatullah may acquire 26,137 Tiptree Shares pursuant to the terms of the 2018 Warrant.
Documents
Issuer
TIPTREE INC.
CIK 0001393726
Entity typeother
Related Parties
1- filerCIK 0001499674
Filing Metadata
- Form type
- 4
- Filed
- Apr 11, 8:00 PM ET
- Accepted
- Apr 12, 3:59 PM ET
- Size
- 14.8 KB