Greenlight Capital Qualified Form 4 Green Brick Partners / Advisors GP, L.L.C. DME ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

EINHORN DAVID

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Green Brick Partners, Inc. [ GRBK ]

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

X	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
See Footnotes (1) - (8)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2015

4. If Amendment, Date of 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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share								8,922	D
Common Stock, par value $0.01 per share	07/01/2015		P		3,571,553(1)(2)	A	$10	10,161,908	I	See Footnotes(1)(2)
Common Stock, par value $0.01 per share	07/01/2015		P		604,048(3)(4)	A	$10	1,718,659	I	See Footnotes(3)(4)
Common Stock, par value $0.01 per share	07/01/2015		P		1,218,456(5)	A	$10	3,466,793	I	See Footnote(5)
Common Stock, par value $0.01 per share	07/01/2015		P		453,674(6)	A	$10	1,290,810	I	See Footnote(6)
Common Stock, par value $0.01 per share	07/01/2015		P		2,017,093(7)	A	$10	5,739,103	I	See Footnote(7)
Common Stock, par value $0.01 per share	07/01/2015		P		612,039(8)	A	$10	1,741,395	I	See Footnote(8)

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 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

EINHORN DAVID

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DME Capital Management, LP

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

GREENLIGHT CAPITAL INC

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

GREENLIGHT CAPITAL, L.P.

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

GREENLIGHT CAPITAL QUALIFIED, L.P.

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Greenlight Capital Offshore Partners

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DME Advisors GP, L.L.C.

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DME Advisors, LP

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Greenlight Capital (Gold), LP

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Greenlight Capital Offshore Master (Gold), Ltd.

(Last) (First) (Middle)

2 GRAND CENTRAL TOWER

140 EAST 45TH STREET, 24TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

Explanation of Responses:

1. Represents shares of common stock of Green Brick Partners, Inc. (the "Issuer") acquired by Greenlight Capital Offshore Partners ("Greenlight Offshore") for $10 per share in an underwritten public offering that closed on July 1, 2015 (the "Underwritten Public Offering"). Greenlight Capital, Inc. ("Greenlight Inc.") controls the voting and disposition of all shares of common stock held by Greenlight Offshore as the investment advisor of Greenlight Offshore. David Einhorn, Chairman of the Board of Directors of the Issuer, is the president of Greenlight Inc. As an owner of Greenlight Inc., Mr. Einhorn may have a pecuniary interest in a portion of the securities held by Greenlight Offshore.

2. (Continued from Footnote 1) Each of Mr. Einhorn, Greenlight Inc. and Greenlight Offshore disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest, and this report shall not be deemed an admission that any of Mr. Einhorn, Greenlight Inc. or Greenlight Offshore is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

3. Represents shares of common stock of the Issuer acquired by Greenlight Capital Offshore Master (Gold), Ltd. ("Greenlight Gold Offshore") for $10 per share in the Underwritten Public Offering. DME Capital Management, LP ("DME CM") controls the voting and disposition of all shares of common stock held by Greenlight Gold Offshore, as the investment advisor of Greenlight Gold Offshore. DME Advisors GP, L.L.C. ("DME GP") is the general partner of DME CM. Mr. Einhorn is the senior member of DME GP. As an owner of DME GP, Mr. Einhorn may have a pecuniary interest in a portion of the securities held by Greenlight Gold Offshore.

4. (Continued from Footnote 3) Each of Mr. Einhorn, DME GP, DME CM and Greenlight Gold Offshore disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest, and this report shall not be deemed an admission that any of Mr. Einhorn, DME GP, DME CM or Greenlight Gold Offshore is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

5. Represents shares of common stock of the Issuer acquired by an account managed by DME Advisors, LP (the "Managed Account") for $10 per share in the Underwritten Public Offering. DME Advisors, LP ("DME") controls the voting and disposition of all shares of common stock held by the Managed Account as the investment advisor of the Managed Account. DME GP is the general partner of DME. As an owner of DME GP, Mr. Einhorn may have a pecuniary interest in a portion of the securities held by the Managed Account. Each of Mr. Einhorn, DME GP and DME disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest, and this report shall not be deemed an admission that any of Mr. Einhorn, DME GP or DME is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

6. Represents shares of common stock of the Issuer acquired by Greenlight Capital, L.P. ("Greenlight Fund") for $10 per share in the Underwritten Public Offering. Greenlight Inc. controls the voting and disposition of all shares of common stock held by Greenlight Fund as the investment manager of Greenlight Fund. As an owner of Greenlight Inc., Mr. Einhorn may have a pecuniary interest in a portion of the securities held by Greenlight Fund. Each of Mr. Einhorn, Greenlight Inc. and Greenlight Fund disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest, and this report shall not be deemed an admission that any of Mr. Einhorn, Greenlight Inc. or Greenlight Fund is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

7. Represents shares of common stock of the Issuer acquired by Greenlight Capital Qualified, L.P. ("Greenlight Qualified") for $10 per share in the Underwritten Public Offering. Greenlight Inc. controls the voting and disposition of all shares of common stock held by Greenlight Qualified as the investment manager of Greenlight Qualified. As an owner of Greenlight Inc., Mr. Einhorn may have a pecuniary interest in a portion of the securities held by Greenlight Qualified. Each of Mr. Einhorn, Greenlight Inc. and Greenlight Qualified disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest, and this report shall not be deemed an admission that any of Mr. Einhorn, Greenlight Inc. or Greenlight Qualified is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

8. Represents shares of common stock of the Issuer acquired by Greenlight Capital (Gold), LP ("Greenlight Gold") for $10 per share in the Underwritten Public Offering. DME CM controls the voting and disposition of all shares of common stock held by Greenlight Gold as the investment manager of Greenlight Gold. DME GP is the general partner of DME CM. As an owner of DME GP, Mr. Einhorn may have a pecuniary interest in a portion of the securities held by the Greenlight Gold. Each of Mr. Einhorn, DME GP, DME CM and Greenlight Gold disclaims beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interest, and this report shall not be deemed an admission that any of Mr. Einhorn, DME GP, DME CM or Greenlight Gold is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

Remarks:

David Einhorn is Chairman of the Board of Directors of Green Brick Partners, Inc. (the "Issuer"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons other than Mr. Einhorn are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer.

	DAVID EINHORN, /s/ Harry Brandler, Name: Harry Brandler, Title: Attorney-In-Fact	07/01/2015
	DME CAPITAL MANAGEMENT, LP, By: DME Advisors GP, L.L.C., its general partner, /s/ Harry Brandler, Name: Harry Brandler, Title: Chief Financial Officer	07/01/2015
	GREENLIGHT CAPITAL, INC., /s/ Harry Brandler, Name: Harry Brandler, Title: Chief Financial Officer	07/01/2015
	GREENLIGHT CAPITAL, L.P., By: Greenlight Capital, Inc., its investment manager, /s/ Harry Brandler, Name: Harry Brandler, Title: Chief Financial Officer	07/01/2015
	GREENLIGHT CAPITAL QUALIFIED, L.P., By: Greenlight Capital, Inc., its investment manager, /s/ Harry Brandler, Name: Harry Brandler, Title: Chief Financial Officer	07/01/2015
	GREENLIGHT CAPITAL OFFSHORE PARTNERS, By: Greenlight Capital, Inc., its investment advisor, /s/ Harry Brandler, Name: Harry Brandler, Title: Chief Financial Officer	07/01/2015
	DME ADVISORS GP, L.L.C., /s/ Harry Brandler, Name: Harry Brandler, Title: Chief Financial Officer	07/01/2015
	DME ADVISORS, L.P., By: DME Advisors GP, L.L.C., its general partner, /s/ Harry Brandler, Name: Harry Brandler, Title: Chief Financial Officer	07/01/2015
	GREENLIGHT CAPITAL (GOLD), L.P., By: DME Capital Management, LP, its investment manager, By: DME Advisors GP, L.L.C., its general partner, /s/ Harry Brandler, Name: Harry Brandler, Title: Chief Financial Officer	07/01/2015
	GREENLIGHT CAPITAL OFFSHORE MASTER (GOLD), LTD., By: DME Capital Management, L.P., its investment advisor, By: DME Advisors GP, L.L.C., its general partner, /s/ Harry Brandler, Name: Harry Brandler, Title: Chief Financial Officer	07/01/2015
	** Signature of Reporting Person	Date
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