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Filing Details

Accession Number:: 0000769993-15-000534
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-04-15 17:53:37
Reporting Period:: 2015-01-26

Filing Date:: 2015-04-15
Accepted Time:: 2015-04-15 17:53:37
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1393726	Tiptree Financial Inc.	TIPT	Insurance Agents, Brokers & Service (6411)	383754322

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
769993	Goldman Sachs & Co	200 West Street New York NY 10282		No	No	No	No
886982	Goldman Sachs Group Inc	200 West Street New York NY 10282		No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2015-01-26	331	$7.39	5,637,311	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-01-26	331	$7.39	5,636,980	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2015-01-27	1,061	$7.36	5,638,041	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-01-27	1,117	$7.31	5,636,924	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2015-01-28	1,402	$7.24	5,638,326	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-01-28	986	$7.25	5,637,340	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2015-01-29	323	$7.16	5,637,663	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-01-29	523	$7.23	5,637,140	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2015-01-30	1,718	$7.26	5,638,858	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-01-30	1,254	$7.27	5,637,604	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2015-02-02	776	$7.31	5,638,380	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-02-02	1,296	$7.31	5,637,084	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2015-02-03	653	$7.41	5,637,737	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-02-03	1,121	$7.45	5,636,616	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2015-02-04	1,570	$7.34	5,638,186	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-02-04	6,890	$7.45	5,631,296	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2015-02-05	1,323	$7.45	5,632,619	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-02-05	1,411	$7.45	5,631,208	No	4	S	Indirect	See footnotes
Class A Common Stock	Acquisiton	2015-02-06	998	$7.36	5,599,794	No	4	P	Indirect	See footnotes
Class A Common Stock	Disposition	2015-02-06	1,101	$7.36	5,631,956	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Footnotes

This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman, Sachs & Co. ("Goldman Sachs" and together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
The shares of common stock, par value $0.001 per share (the "Common Stock") of Tiptree Financial, Inc. (the "Company") reported herein as purchased and sold were beneficially owned directly by Goldman Sachs, and indirectly by GS Group. Without admitting any legal obligation, Goldman Sachs or another wholly-owned subsidiary of GS Group will remit appropriate profits, if any, to the Company.
For purposes of Rule 13d-3(a) and Rule 16a-1(a) only (and not for any other applicable purpose), GS Group and Goldman Sachs may be deemed to beneficially own indirectly the 5,596,000 shares of Common Stock held by indirect subsidiaries of ProSight Global Holdings Ltd. ("ProSight Global") because (i) certain investment partnerships (the "Funds") own ProSight Investment LLC ("ProSight Investment") and ProSight Parallel Investment LLC ("ProSight Parallel Investment"), shareholders of ProSight Global, (ii) the general partners of the Funds are affiliates of GS Group and Goldman Sachs, (iii) Goldman Sachs is the investment manager of certain of the Funds and (iv) of the relationship between ProSight Equity Management Inc., the manager of ProSight Investment and ProSight Parallel Investment, and Goldman Sachs.
As of February 6, 2015, Goldman Sachs beneficially owned directly, and GS Group may have been deemed to have beneficially owned indirectly, 35,956 shares of Common Stock, and Goldman Sachs also had open short positions of 56,450 shares of Common Stock, reflecting changes due to exempt transactions.
Reflects a weighted average purchase price of $7.3901 per share, at prices ranging from $7.38 to $7.4176 per share.
Reflects a weighted average sale price of $7.3901 per share, at prices ranging from $7.38 to $7.4176 per share.
Reflects a weighted average purchase price of $7.3581 per share, at prices ranging from $7.3057 to $7.43 per share.
Reflects a weighted average sale price of $7.3087 per share, at prices ranging from $7.28 to $7.375 per share.
Reflects a weighted average purchase price of $7.2379 per share, at prices ranging from $7.23 to $7.3094 per share.
Reflects a weighted average sale price of $7.2453 per share, at prices ranging from $7.23 to $7.3094 per share.
Reflects a weighted average purchase price of $7.1598 per share, at prices ranging from $7.0915 to $7.45 per share.
Reflects a weighted average sale price of $7.2268 per share, at prices ranging from $7.0915 to $7.45 per share.
Reflects a weighted average purchase price of $7.2631 per share, at prices ranging from $7.23 to $7.56 per share.
Reflects a weighted average sale price of $7.2727 per share, at prices ranging from $7.21 to $7.56 per share.
Reflects a weighted average purchase price of $7.3052 per share, at prices ranging from $7.2224 to $7.335 per share.
Reflects a weighted average sale price of $7.3111 per share, at prices ranging from $7.2224 to $7.335 per share.
Reflects a weighted average purchase price of $7.4141 per share, at prices ranging from $7.2779 to $7.49 per share.
Reflects a weighted average sale price of $7.4458 per share, at prices ranging from $7.2779 to $7.49 per share.
Reflects a weighted average purchase price of $7.336 per share, at prices ranging from $7.30 to $7.475 per share.
Reflects a weighted average sale price of $7.4461 per share, at prices ranging from $7.30 to $7.49 per share.
Reflects a weighted average purchase price of $7.4499 per share, at prices ranging from $7.2352 to $7.49 per share.
Reflects a weighted average sale price of $7.449 per share, at prices ranging from $7.2352 to $7.50 per share.
Reflects a weighted average purchase price of $7.3621 per share, at prices ranging from $7.2643 to $7.39 per share.
Reflects a weighted average sale price of $7.3647 per share, at prices ranging from $7.2643 to $7.39 per share.
Upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.