James River Group Holdings, Ltd. — Director's Dealing 2017

May 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: James River Group Holdings, Ltd. (JRVR)
CIK: 0001620459
Period of Report: 2017-05-11

Reporting Person: Abram J Adam (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-11	Common Shares	M	174398	$21.00	Acquired	897718	Direct
2017-05-11	Common Shares	F	129471	$41.27	Disposed	768247	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-11	Employee Share Option (Right to Buy)	$21.00	M	174398	Disposed	2021-12-11	Common Shares (174398)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	800	Indirect

Footnotes

F1: The shares disposed of were withheld by James River Group Holdings, Ltd. for payment of the exercise price and tax liability incident to the exercise of the options referenced in Table II.

F2: The option, originally representing the right to purchase a total of 261,597 shares, becomes exercisable in three equal annual installments which commenced on December 12, 2015.