Statement of Changes in Beneficial Ownership (4)
September 20 2018 - 5:27PM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Loeb Daniel S
|
2. Issuer Name
and
Ticker or Trading Symbol
Third Point Reinsurance Ltd.
[
TPRE
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
|
(Last)
(First)
(Middle)
C/O THIRD POINT LLC, 390 PARK AVENUE
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/18/2018
|
(Street)
NEW YORK, NY 10022
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Shares, par value $0.10 per share ("Common Shares")
|
9/18/2018
|
|
S
|
|
800000
|
D
|
$13.15
(1)
(3)
|
5086138
|
I
|
See footnote
(2)
|
Common Shares
|
|
|
|
|
|
|
|
1293591
|
D
|
|
Common Shares
|
|
|
|
|
|
|
|
1000000
|
I
|
See footnote
(2)
|
Common Shares
|
|
|
|
|
|
|
|
300000
|
I
|
See footnote
(2)
|
Common Shares
|
|
|
|
|
|
|
|
1200000
|
I
|
See footnote
(2)
|
Common Shares
|
|
|
|
|
|
|
|
1722
|
I
|
See footnote
(2)
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code
(Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
|
8. Price of Derivative Security
(Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Explanation of Responses:
|
(1)
|
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.15 to approximately $13.28, inclusive. Mr. Loeb undertakes to provide to Third Point Reinsurance Ltd. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 1 to this Form 4.
|
(2)
|
Pursuant to Rules 13d-3 and 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Mr. Loeb may be deemed to be the beneficial owner of the securities of the Issuer reported herein as indirectly beneficially owned thereby. Mr. Loeb disclaims beneficial ownership of these securities except to the extent of any indirect pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Loeb is the beneficial owner of these securities or has any pecuniary interest therein for purposes of Section 16 of the Exchange Act and the rules promulgated thereunder or for any other purpose.
|
(3)
|
Due to certain stock purchases effected by the Issuer, the beneficial ownership of Mr. Loeb under Rule 13d-3 of the Exchange Act may have been deemed to recently exceed 10%. Accordingly, Mr. Loeb filed a Form 3 on September 10, 2018 to report such beneficial ownership. The sale transaction reported on this Form 4 was effected to reduce Mr. Loeb's beneficial ownership for purposes of Rule 13d-3 of the Exchange Act below 10%.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
Loeb Daniel S
C/O THIRD POINT LLC
390 PARK AVENUE
NEW YORK, NY 10022
|
|
X
|
|
|
Signatures
|
Daniel S. Loeb /s/ William Song (Attorney-in-Fact)
|
|
9/20/2018
|
**
Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
|
Third Point Reinsurance (NYSE:TPRE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Third Point Reinsurance (NYSE:TPRE)
Historical Stock Chart
From Apr 2023 to Apr 2024