Statement of Changes in Beneficial Ownership (4)
September 17 2020 - 04:26PM
Edgar (US Regulatory)
FORM 4
[ ]
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
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * 1347 Property
Insurance Holdings, Inc. |
2. Issuer Name and Ticker or Trading
Symbol FedNat Holding Co [ FNHC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director __X__
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
970 LAKE CARILLON DR.,, SUITE 314 |
3. Date of Earliest Transaction (MM/DD/YYYY)
9/15/2020
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(Street)
ST. PETERSBURG,, FL 33716
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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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
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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 Stock, par value $0.01 per
share |
9/15/2020 |
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S |
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330231 |
D |
(1) |
1286871 |
D |
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Common Stock, par value $0.01 per
share |
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156000 |
I |
Fundamental Global Reinsurance
Ltd. |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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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) |
On September 15, 2020,
pursuant to a Share Repurchase and Cooperation Agreement dated that
date, the Reporting Person transferred 330,231 shares of Common
Stock, along with $2,752,617 in cash, as consideration to
repurchase 1,130,152 shares of the Reporting Person's own common
stock, par value $0.001 per share. As of September 15, 2020, the
closing price per share of the Reporting Person's common stock as
quoted on The Nasdaq Stock Market LLC was $4.58. |
Reporting
Owners
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Reporting Owner Name / Address |
Relationships
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Director |
10% Owner |
Officer |
Other |
1347 Property Insurance Holdings, Inc.
970 LAKE CARILLON DR.,
SUITE 314
ST. PETERSBURG,, FL 33716 |
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X |
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Signatures
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/s/ 1347 PROPERTY INSURANCE HOLDINGS, INC., /s/
John S. Hill, Executive Vice President, Chief Financial Officer and
Secretary |
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9/17/2020 |
**Signature of
Reporting Person |
Date |