FG Nexus Inc. — Director's Dealing 2014

Dec 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 1347 Property Insurance Holdings, Inc. (PIH)
CIK: 0001591890
Period of Report: 2014-12-03

Reporting Person: KINGSWAY FINANCIAL SERVICES INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-03	Common Stock	P	25000	$7.79	Acquired	25000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000000	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.77 to $7.80, inclusive. The reporting person undertakes to provide to 1347 Property Insurance Holdings, Inc., any security holder of 1347 Property Holdings, Inc., or the staff of the Securities and Exchnage Commission, upon request, full informaton regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

F2: Shares held by the reporting person's wholly-owned subsidiary Universal Casualty Company.

F3: Shares held by the reporting person's wholly-owned subsidiary Kingsway America Inc. Previously reported as directly held. Adjusted to reflect form of holding as indirect.