TIPTREE INC. — Director's Dealing 2016

Jan 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIPTREE FINANCIAL INC. (TIPT)
CIK: 0001393726
Period of Report: 2016-01-01

Reporting Person: Inayatullah Arif (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-01	Tiptree Financial Partners, L.P. partnership unit warrant	$7.54	J	46860	Acquired	2022-06-30	Class A Common Stock (131114)	Indirect
2016-01-04	Tiptree Financial Partners, L.P. partnership unit warrant	$7.54	J	598	Acquired	2022-06-30	Class A Common Stock (1673)	Indirect

Footnotes

F1: TFPLP Holdings I LLC and TFPLP Holdings III LLC hold warrants to purchase partnership units (the "Partnership Units") of Tiptree Financial Partners, L.P. ("TFP"). Pursuant to the terms of the warrants, TFP's issuance of additional Partnership Units triggered the anti-dilutive mechanisms adjusting the amount and exercise price of the warrants.

F2: The reporting person is a principal of Tricadia Holdings, L.P. which is the managing member of TFPLP Holdings I LLC and TFPLP Holdings III 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.