| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Enstar Group LTD [ ESGR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/07/2023 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | ||||||
| Ordinary Shares | 11/07/2023 | S | 50,000(1) | D | $227.18 | 1,496,196(2) | I | See Note(2) | ||
| Ordinary Shares | 11/07/2023 | S | 45,000(1) | D | $227.18 | 1,451,196(2) | I | See Note(2) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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| Explanation of Responses: |
| 1. On November 7, 2023, Trident Public Equity LP ("Trident"), an affiliate of Stone Point Capital LLC, and Dominic F. Silvester entered into a Purchase Agreement, pursuant to which Mr. Silvester agreed to purchase an aggregate of 45,000 voting ordinary shares ("Shares") of Enstar Group Limited ("Enstar") from Trident. Also, on November 7, 2023, Trident and Enstar entered into a Purchase Agreement, pursuant to which Enstar agreed to purchase an aggregate of 50,000 voting ordinary shares of Enstar from Trident. Closings are scheduled to occur on November 14, 2023. Consists of a total of (a) 54,436 Shares on behalf of Trident V, L.P. ("Trident V"), (b) 38,176 Shares on behalf of Trident V Parallel Fund, L.P. ("Trident V Parallel") and (c) 2,388 Shares on behalf of Trident V Professionals Fund, L.P. ("Trident V Professionals"). |
| 2. Consists of Shares held by Trident Public Entity LP, (a) 831,541 Shares held for the benefit of Trident V, (b) 583,171 Shares held for the benefit of Trident V Parallel, and (c) 36,484 Shares held for the benefit of Trident V Professionals following the reported transactions. Stone Point Capital LLC and certain of its subsidiaries may be deemed to beneficially own the Shares held on behalf of one or more of Trident V, Trident V Parallel, Trident V Professionals, and Trident Public Equity LP. Each of the reporting persons disclaims beneficial ownership of the Shares disclosed herein except to the extent of such person's pecuniary interest therein, if any. |
| Remarks: |
| James D. Carey, President of Stone Point Capital LLC, is a member of the Board of Directors of Enstar. Mr. Carey is a member of the investment committee and owner of one of the four general partners of the general partners of each of Trident V and Trident V Parallel. Mr. Carey is a shareholder and director of Stone Point GP Ltd., which is the general partner of Trident V Professionals. On the basis of the relationships between Mr. Carey and the reporting persons, the reporting persons may be deemed directors by deputization in respect of Enstar. |
| Stone Point Capital LLC, By: /s/ Jacqueline Giammarco, Chief Compliance Officer | 11/10/2023 | |
| Stone Point GP Ltd., By: /s/ Jacqueline Giammarco, Vice President | 11/10/2023 | |
| Trident V Parallel Fund, L.P., By: By: Trident Capital V, L.P., its sole general partner, By:DW Trident V, LLC, a general partner, By: /s/ Jacqueline Giammarco, Vice President | 11/10/2023 | |
| Trident V, L.P., By: Trident Capital V, L.P., its sole general partner, By:DW Trident V, LLC, a general partner, By: /s/ Jacqueline Giammarco, Vice President | 11/10/2023 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
