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GBLL Global Indemnity Group LLC

24.99
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Global Indemnity Group LLC NYSE:GBLL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.99 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

19/01/2022 9:46pm

Edgar (US Regulatory)


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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

FOX SAUL A
2. Issuer Name and Ticker or Trading Symbol

Global Indemnity Group, LLC [ GBLI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

3 BALA PLAZA EAST, SUITE 300
3. Date of Earliest Transaction (MM/DD/YYYY)

1/14/2022
(Street)

BALA CYNWYD, PA 19004
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Shares  (1)1/14/2022  P (2)  763777 (2)    (1) (1)Class A Common Shares 3707785  (2)3707785 I See Footnote (3)
Class B Common Shares  (1)           (1) (1)Class A Common Shares 66482  66482 I See Footnote (4)
Class B Common Shares  (1)           (1) (1)Class A Common Shares 121057  121057 I See Footnote (5)
Class B Common Shares  (1)           (1) (1)Class A Common Shares 51882  51882 I See Footnote (6)

Explanation of Responses:
(1) Each Class B Common Share ("B Common Share") of Global Indemnity Group, LLC ("Issuer") is convertible into one Issuer Class A Common Share ("A Common Share" and, together with B Common Shares, "Common Shares").
(2) The reported securities are held by Fox Paine Capital Fund II International, L.P. ("Fund II"), a limited partnership in which Mr. Fox has an indirect pecuniary interest. On January 14, 2022, Mercury Assets Delaware, LLC, a limited liability company, was assigned by a limited partner of Fund II ("Assignor") Assignor's partnership interest representing a 20.6% interest in Fund II for an aggregate purchase price of $23,163,474.00 (the "Assignment"), which aggregate purchase price was allocable among Assignor's beneficial interest in cash and Common Shares held by Fund II and liabilities acquired as a result of the Assignment. The sole member of Mercury Assets Delaware, LLC is the Benjerome Trust. Mr. Fox is the sole trustee of the Benjerome Trust.
(3) Common Shares owned by Fund II. The sole general partner of Fund II is FP International LPH, L.P. ("FPI LPH"). The sole general partner of FPI LPH is Fox Paine International GP, Ltd. ("GPLTD"). As a result, GPLTD may be deemed to control the Common Shares owned by Fund II. Fox Mercury Investments, L.P. is a minority shareholder of GPLTD. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.
(4) Common Shares owned by FPI LPH. The sole general partner of FPI LPH is GPLTD. As a result, GPLTD may be deemed to control the Common Shares owned by FPI LPH. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.
(5) Common Shares owned indirectly by Mercury Assets Delaware LLC through its limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 B Common Shares. The sole member of Mercury Assets Delaware LLC is Benjerome Trust. Mr. Fox is the sole trustee of the Benjerome Trust. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.
(6) Common Shares owned indirectly by Fox Paine Global, Inc. through its indirect limited partnership interest in Fox Mercury Investments, L.P., which holds 979,050 A Common Shares and 172,939 B Common Shares. Mr. Fox is a director of Fox Paine Global, Inc. Mr. Fox disclaims beneficial ownership of these securities except to the extent of his indirect pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
FOX SAUL A
3 BALA PLAZA EAST, SUITE 300
BALA CYNWYD, PA 19004
XX


Signatures
/s/Stephen W. Ries, Attorney-in-Fact1/19/2022
**Signature of Reporting PersonDate

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