Ledbetter Terry Lee Form 4 State National Companies / Reta Laurie Ledbetter 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^*

Ledbetter Reta Laurie

(Last) (First) (Middle)

C/O STATE NATIONAL COMPANIES, INC

1900 L. DON DODSON DRIVE

(Street)

BEDFORD TX 76021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
State National Companies, Inc. [ SNC ]

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

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2017

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	07/24/2017		G	V	965,150(1)	D	$0	4,195,582	I	By Trust
Common Stock								469,897(2)	D

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^*

Ledbetter Reta Laurie

(Last) (First) (Middle)

C/O STATE NATIONAL COMPANIES, INC

1900 L. DON DODSON DRIVE

(Street)

BEDFORD TX 76021

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ledbetter Terry Lee

(Last) (First) (Middle)

C/O STATE NATIONAL COMPANIES, INC

1900 L. DON DODSON DRIVE

(Street)

BEDFORD TX 76021

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Terry Lee Ledbetter & Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended

(Last) (First) (Middle)

C/O STATE NATIONAL COMPANIES, INC

1900 L. DON DODSON DRIVE

(Street)

BEDFORD TX 76021

(City) (State) (Zip)

Explanation of Responses:

1. Represents shares gifted by the Terry Lee Ledbetter and Reta Laurie Ledbetter 2000 Revocable Trust, of which Terry Lee Ledbetter and Reta Laurie Ledbetter serve as co-trustees and, accordingly, share voting and dispositive power.

2. These shares are held directly by Terry Lee Ledbetter.

	/s/ David M. Cleff, as Attorney in Fact for Reta Laurie Ledbetter, in her individual capacity	09/15/2017
	/s/ David M. Cleff, as Attorney in Fact for Terry Lee Ledbetter, in his individual capacity	09/15/2017
	/s/ David M. Cleff, as Attorney in Fact for the Terry Lee Ledbetter and Reta Laurie Ledbetter, in their capacities as co-trustees of the Terry Lee Ledbetter and Reta Laurie Ledbetter 2000 Revocable Trust, dated April 10, 2000, as amended	09/15/2017
	** 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).
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