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SiriusPoint Ltd — Director's Dealing 2018
Sep 20, 2018
31609_dirs_2018-09-20_df864897-3211-4c4e-b110-12826512f213.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Third Point Reinsurance Ltd. (TPRE)
CIK: 0001576018
Period of Report: 2018-09-18
Reporting Person: Loeb Daniel S (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-09-18 | Common Shares, par value $0.10 per share ("Common Shares") | S | 800000 | $13.15 | Disposed | 5086138 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 1293591 | Direct |
| Common Shares | 1000000 | Indirect |
| Common Shares | 300000 | Indirect |
| Common Shares | 1200000 | Indirect |
| Common Shares | 1722 | Indirect |
Footnotes
F1: 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.
F2: 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.
F3: 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%.