Home > Insider Trading > Filing (0001144204-18-002317)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1591890	1347 Property Insurance Holdings Inc.	PIH	Fire, Marine & Casualty Insurance (6331)	A6

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1072627	Kingsway Financial Services Inc	150 Pierce Rd Itasca IL 60143		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Series B Preferred Shares (Nonconvertible)	Disposition	2018-01-02	60,000	$29.00	0	No	4	S	Indirect	By wholly owned subsidiary

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By wholly owned subsidiary

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Performance Rights	Disposition	2018-01-02	100,000	$0.00	100,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2015-02-24		No	4	J	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Series B Preferred Shares (Nonconvertible)	60,000	Indirect	By wholly owned subsidiary
Common Stock	424,572	Indirect	By wholly owned subsidiary
Common Stock	75,000	Indirect	By wholly owned subsidiary

Footnotes

Pursuant to a Stock Purchase Agreement dated January 2, 2018 (the "Stock Purchase Agreement"), by and among the reporting person's wholly-owned subsidiary, 1347 Advisors LLC ("Advisors"), 1347 Property Insurance Holdings, Inc. ("PIH"), and IWS Acquisition Corporation ("IWS"), Advisors sold 60,000 shares of PIH's Series B Preferred Stock to PIH for an aggregate purchase price of $1,740,000.
Represents a purchase price of $25.00 per share plus declared and unpaid dividends.
Held by the reporting person's wholly-owned subsidiary Advisors.
Held by the reporting person's wholly-owned subsidiary IWS.
Held by the reporting person's wholly-owned subsidiary Kingsway America, Inc.
Held by the reporting person's wholly-owned subsidiary Mendakota Casualty Company.
Each performance right represents a contingent right to receive one share of common stock. The performance rights vest as to 100,000 shares if the common stock price equals or exceeds $10 for any 20 trading days in a 30-day trading window.
Pursuant to the Stock Purchase Agreement: (i) Advisors agreed to terminate the Performance Shares Grant Agreement dated February 24, 2015, by and between PIH and Advisers, and (ii) PIH paid to Advisors an aggregate cash payment of $300,000 in consideration for such termination.