FG Nexus Inc. — Director's Dealing 2015

Feb 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 1347 Property Insurance Holdings, Inc. (PIH)
CIK: 0001591890
Period of Report: 2015-02-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-24	Series B Preferred Shares (Nonconvertible)	J	120000	—	Acquired	120000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-24	Warrants	$15.00	J	1500000	Acquired	2022-02-24	Common Stock (1500000)	Indirect
2015-02-24	Performance Rights	$	J	100000	Acquired		Common Stock (100000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	75000	Indirect
Common Stock	1000000	Indirect

Footnotes

F1: In connection with the termination of the Management Services Agreement between the reporting person's wholly-owned subsidiary, 1347 Advisors LLC ("Advisors"), and 1347 Property Insurance Holdings, Inc. ("PIH"), Advisors received the following as part of the consideration for such termination: (i) 120,000 shares of PIH's nonconvertible Series B Preferred Shares having a liquidation amount per share equal to $25.00, (ii) a seven-year warrant to purchase up to 1,500,000 shares of PIH common stock at an exercise price of $15.00 per share, and (iii) a grant of performance rights whereby Advisors will be entitled to receive 100,000 shares of PIH common stock if at any time the last sales price of the common stock equals or exceeds $10.00 per share for any 20 trading days within any 30-trading day period.

F2: Held by the reporting person's wholly-owned subsidiary 1347 Advisors LLC.

F3: Held by the reporting person's wholly-owned subsidiary Universal Casualty Company.

F4: Held by the reporting person's wholly-owned subsidiary Kingway America Inc.

F5: Each performance right represents a contingent right to receive one share of common stock. The performance rights vest as to 100,000 shares if the common stock price equals or exceeds $10 for any 20 trading days in a 30-day trading period.

F6: Indefinite.