TIPTREE INC. — Director's Dealing 2014

Aug 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIPTREE FINANCIAL INC. (TIPT)
CIK: 0001393726
Period of Report: 2014-08-05

Reporting Person: Smith Bradley E. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-05	Class A common Stock	C	2683	—	Acquired	9193	Direct
2014-08-05	Class A common Stock	C	63738	—	Acquired	63738	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-05	Tiptree Financial Partners, L.P. partnership unit	$	C	959	Disposed		Class A Common Stock (2683)	Direct
2014-08-05	Tiptree Financial Partners, L.P. partnership unit	$	C	22780	Disposed		Class A Common Stock (63738)	Indirect

Footnotes

F1: In accordance with the terms and conditions set forth in a Redemption Election Notice sent to limited partners of Tiptree Financial Partners, L.P. ("TFP") on May 2, 2014 as supplemented on July 18, 2014, the reporting person exchanged limited partnership units of TFP for Class A common stock directly with the issuer.

F2: Limited partnership units of TFP are exchangeable for Class A common stock at a rate of one limited partnership unit for 2.798 shares of Class A common stock.

F3: The reporting person is a principal of Kahala Capital Advisors LLC. The number of shares reflects a total which is greater than the reporting person's pecuniary interest. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.