Michael Barnes - Sep 1, 2022 Form 4 Insider Report for TIPTREE INC. (TIPT)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Neil C. Rifkind, as Attorney-in-fact for Michael Barnes
Stock symbol
TIPT
Transactions as of
Sep 1, 2022
Transactions value $
$0
Form type
4
Date filed
9/1/2022, 02:52 PM
Previous filing
Jun 2, 2022
Next filing
Jan 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TIPT Common Stock 9.7M Sep 1, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TIPT January 2016 Stock Option Award $0 +46.5K $0.00 46.5K Sep 1, 2022 Common Stock 46.5K $5.67 Direct F1, F2, F3
transaction TIPT March 2016 Stock Option Award $0 +4.65K $0.00 4.65K Sep 1, 2022 Common Stock 4.65K $5.87 Direct F2, F4, F5
transaction TIPT February 2017 Stock Option Award $0 +112K $0.00 112K Sep 1, 2022 Common Stock 112K $6.65 Direct F2, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 4, 2016, in consideration of Michael Barnes's services to the Registrant, Corvid Peak Holdings, L.P. (fka Tricadia Holdings L.P. "Corvid "Peak") was granted stock options to purchase 91,359 shares of common stock of the Registrant subject to the terms of a Stock Option Agreement among the Registrant, Michael Barnes and Corvid Peak. On September 1, 2022, Corvid Peak distributed all 91,359 Stock Options to its partners, pro rata. The Reporting Person received as his pro rata portion 46,494 Stock Options which are now held Direct.
F2 Exercise of these stock options is from the grant date.
F3 The Stock Option will expire on the earlier of (1) January 4, 2026 and (2) the date of the termination of Michael Barnes's service with the Registrant for Cause (as defined in the Stock Option Agreement) or Michael Barnes's voluntary termination of service with the Registrant.
F4 On March 10, 2016, in consideration of Michael Barnes's services to the Registrant, Corvid Peak Holdings, L.P. (fka Tricadia Holdings, L.P. "Corvid Peak") was granted stock options to purchase 9,136 shares of common stock of the Registrant subject to the terms of a Stock Option Agreement among the Registrant, Michael Barnes and Corvid Peak. On September 1, 2022, Corvid Peak distributed all 9,136 Stock Options to its partners, pro rata. The Reporting Person received as his pro rata portion 4,649 Stock Options which are now held Direct.
F5 The Stock Option will expire on the earlier of (1) March 10, 2026 and (2) the date of the termination of Michael Barnes's service with the Registrant for Cause (as defined in the Stock Option Agreement) or Michael Barnes's voluntary termination of service with the Registrant.
F6 On February 22, 2017, in consideration of Michael Barnes's service to the Registrant, Corvid Peak Holdings, L.P. (fka Tricadia Holdings L.P. "Corvid Peak") was granted options to purchase 219,472 shares of common stock of the Registrant subject to the terms of a Stock Option Agreement among the Registrant, Michael Barnes and Corvid Peak, which was reported as Indirectly held on the date of grant. On September 1, 2022, Corvid Peak distributed all 219,472 Stock Options to its partners, pro rata. The Reporting Person received as his pro rata portion 112,015 Stock Options which are now held Direct.
F7 The Stock Option will expire on the earlier of (1) February 22, 2027 and (2) the date of the termination of Michael Barnes's service with the Registrant for Cause (as defined in the Stock Option Agreement) or Michael Barnes's voluntary termination of service with the Registrant.