Edgar Filing: TIPTREE FINANCIAL INC.

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

GOLDMAN SACHS GROUP INC

2. Issuer Name and Ticker or Trading Symbol
TIPTREE FINANCIAL INC. [TIPT]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

200 WEST STREET

3. Date of Earliest Transaction (Month/Day/Year)
10/07-04:00/2014

(Street)

NEW YORK, NY 10282

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	10/07-04:00/2014		P		455	A	$ 7.2882 ⁽⁵⁾	5,609,508	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁵⁾ ⁽³³⁾
Class A Common Stock	10/07-04:00/2014		S		455	D	$ 7.2882 ⁽⁶⁾	5,609,053	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁶⁾ ⁽³³⁾
Class A Common Stock	10/08-04:00/2014		P		1,333	A	$ 7.3721 ⁽⁷⁾	5,610,386	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁷⁾ ⁽³³⁾
Class A Common Stock	10/08-04:00/2014		S		1,141	D	$ 7.3709 ⁽⁸⁾	5,609,245	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁸⁾ ⁽³³⁾
Class A Common Stock	10/09-04:00/2014		P		1,051	A	$ 7.2627 ⁽⁹⁾	5,610,296	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁹⁾ ⁽³³⁾
Class A Common Stock	10/09-04:00/2014		S		1,051	D	$ 7.2693 ⁽¹⁰⁾	5,609,245	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹⁰⁾ ⁽³³⁾
Class A Common Stock	10/10-04:00/2014		P		1,252	A	$ 7.2318 ⁽¹¹⁾	5,610,497	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹¹⁾ ⁽³³⁾
Class A Common Stock	10/10-04:00/2014		S		1,457	D	$ 7.229 ⁽¹²⁾	5,609,040	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹²⁾ ⁽³³⁾
Class A Common Stock	10/13-04:00/2014		P		513	A	$ 7.2541 ⁽¹³⁾	5,609,553	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹³⁾ ⁽³³⁾
Class A Common Stock	10/13-04:00/2014		S		547	D	$ 7.2532 ⁽¹⁴⁾	5,609,006	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹⁴⁾ ⁽³³⁾
Class A Common Stock	10/14-04:00/2014		P		456	A	$ 7.2828 ⁽¹⁵⁾	5,609,462	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹⁵⁾ ⁽³³⁾
Class A Common Stock	10/14-04:00/2014		S		556	D	$ 7.2949 ⁽¹⁶⁾	5,608,906	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹⁶⁾ ⁽³³⁾
Class A Common Stock	10/15-04:00/2014		P		1,442	A	$ 7.1861 ⁽¹⁷⁾	5,610,348	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹⁷⁾ ⁽³³⁾
Class A Common Stock	10/15-04:00/2014		S		2,883	D	$ 7.1932 ⁽¹⁸⁾	5,607,465	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹⁸⁾ ⁽³³⁾
Class A Common Stock	10/16-04:00/2014		P		1,577	A	$ 7.2891 ⁽¹⁹⁾	5,609,042	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽¹⁹⁾ ⁽³³⁾
Class A Common Stock	10/16-04:00/2014		S		2,787	D	$ 7.2846 ⁽²⁰⁾	5,606,255	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²⁰⁾ ⁽³³⁾
Class A Common Stock	10/17-04:00/2014		P		1,359	A	$ 7.3318 ⁽²¹⁾	5,607,614	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²¹⁾ ⁽³³⁾
Class A Common Stock	10/17-04:00/2014		S		1,445	D	$ 7.3299 ⁽²²⁾	5,606,169	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²²⁾ ⁽³³⁾
Class A Common Stock	10/20-04:00/2014		P		1,023	A	$ 7.4328 ⁽²³⁾	5,607,192	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²³⁾ ⁽³³⁾
Class A Common Stock	10/20-04:00/2014		S		823	D	$ 7.4082 ⁽²⁴⁾	5,606,369	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²⁴⁾ ⁽³³⁾
Class A Common Stock	10/21-04:00/2014		P		1,111	A	$ 7.6006 ⁽²⁵⁾	5,607,480	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²⁵⁾ ⁽³³⁾
Class A Common Stock	10/21-04:00/2014		S		1,111	D	$ 7.6006 ⁽²⁶⁾	5,606,369	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²⁶⁾ ⁽³³⁾
Class A Common Stock	10/22-04:00/2014		P		529	A	$ 7.4098 ⁽²⁷⁾	5,606,898	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²⁷⁾ ⁽³³⁾
Class A Common Stock	10/22-04:00/2014		S		456	D	$ 7.4001 ⁽²⁸⁾	5,606,442	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²⁸⁾ ⁽³³⁾
Class A Common Stock	10/23-04:00/2014		P		2,690	A	$ 7.5659 ⁽²⁹⁾	5,609,132	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽²⁹⁾ ⁽³³⁾
Class A Common Stock	10/23-04:00/2014		S		1,650	D	$ 7.5568 ⁽³⁰⁾	5,607,482	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽³⁰⁾ ⁽³³⁾
Class A Common Stock	10/24-04:00/2014		P		42	A	$ 7.52	5,573,485	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾
Class A Common Stock	10/24-04:00/2014		S		42	D	$ 7.52	5,573,443	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾
Class A Common Stock	10/27-04:00/2014		P		390	A	$ 7.5063 ⁽³¹⁾	5,607,872 ⁽⁴⁾	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾ ⁽³¹⁾ ⁽³³⁾
Class A Common Stock	10/27-04:00/2014		S		390	D	$ 7.5063 ⁽³²⁾	5,609,068 ⁽⁴⁾	I	See footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾ ⁽³²⁾ ⁽³³⁾

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GOLDMAN SACHS GROUP INC 200 WEST STREET NEW YORK, NY 10282
GOLDMAN SACHS & CO 200 WEST STREET NEW YORK, NY 10282

Signatures

/s/ Yvette Kosic, Attorney-in-fact		04/15-04:00/2015
^**Signature of Reporting Person		Date
/s/ Yvette Kosic, Attorney-in-fact		04/15-04:00/2015
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	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.
(2)	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.
(3)	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.
(4)	As of October 27, 2014, Goldman Sachs beneficially owned directly, and GS Group may have been deemed to have beneficially owned indirectly, 13,068 shares of Common Stock, and Goldman Sachs also had open short positions of 62,445 shares of Common Stock reflecting changes due to exempt transactions.
(5)	Reflects a weighted average purchase price of $7.2882 per share, at prices ranging from $7.2617 to $7.49 per share.
(6)	Reflects a weighted average sale price of $7.2882 per share, at prices ranging from $7.2617 to $7.49 per share.
(7)	Reflects a weighted average purchase price of $7.3721 per share, at prices ranging from $7.3127 to $7.4668 per share.
(8)	Reflects a weighted average sale price of $7.3709 per share, at prices ranging from $7.3127 to $7.4668 per share.
(9)	Reflects a weighted average purchase price of $7.2627 per share, at prices ranging from $7.23 to $7.3079 per share.
(10)	Reflects a weighted average sale price of $7.2693 per share, at prices ranging from $7.19 to $7.3079 per share.
(11)	Reflects a weighted average purchase price of $7.2318 per share, at prices ranging from $7.21 to $7.3863 per share.
(12)	Reflects a weighted average sale price of $7.229 per share, at prices ranging from $7.2243 to $7.3863 per share.
(13)	Reflects a weighted average purchase price of $7.2541 per share, at prices ranging from $7.2236 to $7.4065 per share.
(14)	Reflects a weighted average sale price of $7.2532 per share, at prices ranging from $7.2236 to $7.4065 per share.
(15)	Reflects a weighted average purchase price of $7.2828 per share, at prices ranging from $7.2827 to $7.2832 per share.
(16)	Reflects a weighted average sale price of $7.2949 per share, at prices ranging from $7.2827 to $7.35 per share.
(17)	Reflects a weighted average purchase price of $7.1861 per share, at prices ranging from $7.1239 to $7.21 per share.
(18)	Reflects a weighted average sale price of $7.1932 per share, at prices ranging from $7.02 to $7.36 per share.
(19)	Reflects a weighted average purchase price of $7.2891 per share, at prices ranging from $7.28 to $7.44 per share.
(20)	Reflects a weighted average sale price of $7.2846 per share, at prices ranging from $7.28 to $7.3122 per share.
(21)	Reflects a weighted average purchase price of $7.3318 per share, at prices ranging from $7.242 to $7.42 per share.
(22)	Reflects a weighted average sale price of $7.3299 per share, at prices ranging from $7.242 to $7.42 per share.
(23)	Reflects a weighted average purchase price of $7.4328 per share, at prices ranging from $7.2804 to $7.56 per share.
(24)	Reflects a weighted average sale price of $7.4082 per share, at prices ranging from $7.2804 to $7.56 per share.
(25)	Reflects a weighted average purchase price of $7.6006 per share, at prices ranging from $7.5243 to $7.65 per share.
(26)	Reflects a weighted average sale price of $7.6006 per share, at prices ranging from $7.5243 to $7.65 per share.
(27)	Reflects a weighted average purchase price of $7.4098 per share, at prices ranging from $7.3949 to $7.47 per share.
(28)	Reflects a weighted average sale price of $7.4001 per share, at prices ranging from $7.3949 to $7.46 per share.
(29)	Reflects a weighted average purchase price of $7.5659 per share, at prices ranging from $7.3702 to $7.61 per share.
(30)	Reflects a weighted average sale price of $7.5568 per share, at prices ranging from $7.3702 to $7.6 per share.
(31)	Reflects a weighted average purchase price of $7.5063 per share, at prices ranging from $7.4833 to $7.59 per share.
(32)	Reflects a weighted average sale price of $7.5063 per share, at prices ranging from $7.4833 to $7.59 per share.
(33)	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

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