Burford Capital Limited Form 3 Burford Capital / CHRISTOPHER P BOGART ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

BOGART CHRISTOPHER P

(Last)

(First)

(Middle)

C/O BURFORD CAPITAL LIMITED

OAK HOUSE, HIRZEL STREET

(Street)

ST. PETER PORT

GY1 2NP

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2025

3. Issuer Name and Ticker or Trading Symbol
Burford Capital Ltd [ BUR ]

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

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary shares, no par value ("Ordinary Shares")	7,647,727	I	By LLC⁽¹⁾⁽²⁾
Ordinary Shares	542,185	I	By Trust⁽²⁾⁽³⁾
Ordinary Shares	888,563	I	By LLC⁽²⁾⁽⁴⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
RSUs	⁽⁵⁾	⁽⁵⁾	Ordinary Shares	74,819	⁽⁵⁾	D⁽⁶⁾
PSUs	⁽⁷⁾	⁽⁷⁾	Ordinary Shares	74,819	⁽⁷⁾	D⁽⁶⁾
RSUs	⁽⁸⁾	⁽⁸⁾	Ordinary Shares	107,568	⁽⁸⁾	D⁽⁶⁾
PSUs	⁽⁹⁾	⁽⁹⁾	Ordinary Shares	107,569	⁽⁹⁾	D⁽⁶⁾
RSUs	⁽¹⁰⁾	⁽¹⁰⁾	Ordinary Shares	84,917	⁽¹⁰⁾	D⁽⁶⁾
PSUs	⁽¹¹⁾	⁽¹¹⁾	Ordinary Shares	84,917	⁽¹¹⁾	D⁽⁶⁾
Phantom RSUs	⁽¹²⁾	⁽¹²⁾	Ordinary Shares	55,991.4	⁽¹²⁾	D⁽⁶⁾
Phantom RSUs	⁽¹³⁾	⁽¹³⁾	Ordinary Shares	446,840.2	⁽¹³⁾	D⁽⁶⁾

Explanation of Responses:

1. Mr. Bogart serves as investment manager of Christopher Bogart LLC (the "Bogart LLC"), and all of the Bogart LLC's interests are owned primarily by (i) two trusts of which Mr. Bogart's spouse serves as a co-trustee and (ii) one trust of which Mr. Bogart and his spouse are beneficiaries. Mr. Bogart disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

2. This report does not include 130,892 Ordinary Shares held by Elizabeth O'Connell Revocable Trust, of which the reporting person's spouse serves as a trustee and is a beneficiary. These securities are separately reported in a report on Form 3 filed by Elizabeth O'Connell, the reporting person's spouse, who is also an executive officer of Burford Capital Limited.

3. Represents Ordinary Shares held by Christopher P. Bogart Revocable Trust, of which the reporting person serves as a trustee and is a beneficiary.

4. Mr. Bogart serves as sole manager of Glenavy Burford Holdings LLC (the "Glenavy LLC"), and all of the Glenavy LLC's interests are owned by an insurance trust of which a third party serves as a trustee. Mr. Bogart disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

5. Represents restricted share units ("RSUs") granted on April 5, 2022, which vest on the third anniversary of the grant date, subject to Mr. Bogart's continued employment through such date. Each RSU represents a contingent right to receive one Ordinary Share.

6. This report does not include (i) 42,152 RSUs and 42,152 performance-based RSUs ("PSUs") granted to the reporting person's spouse and (ii) 42,112.0 phantom RSUs ("Phantom RSUs") held by the reporting person's spouse under the Burford Capital Deferred Compensation Plan (the "NQDC Plan") and not subject to vesting conditions. The securities in clauses (i) through (ii) above are separately reported in a report on Form 3 filed by Elizabeth O'Connell, the reporting person's spouse, who is also an executive officer of Burford Capital Limited.

7. Represents PSUs granted on April 5, 2022, which vest on the third anniversary of the grant date, subject to the achievement of certain performance conditions and Mr. Bogart's continued employment through such date. Each PSU represents a contingent right to receive one Ordinary Share.

8. Represents RSUs granted on March 22, 2023, which vest on the third anniversary of the grant date, subject to Mr. Bogart's continued employment through such date. Each RSU represents a contingent right to receive one Ordinary Share.

9. Represents PSUs granted on March 22, 2023, which vest on the third anniversary of the grant date, subject to the achievement of certain performance conditions and Mr. Bogart's continued employment through such date. Each PSU represents a contingent right to receive one Ordinary Share.

10. Represents RSUs granted on March 22, 2024, which vest on the third anniversary of the grant date, subject to Mr. Bogart's continued employment through such date. Each RSU represents a contingent right to receive one Ordinary Share.

11. Represents PSUs granted on March 22, 2024, which vest on the third anniversary of the grant date, subject to the achievement of certain performance conditions and Mr. Bogart's continued employment through such date. Each PSU represents a contingent right to receive one Ordinary Share.

12. Represents Phantom RSUs granted to Mr. Bogart on March 22, 2024, which vest on March 18, 2026, in accordance with the NQDC Plan, subject to Mr. Bogart's continued employment through such date. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Ordinary Share, which may be paid in cash or Ordinary Shares in accordance with the terms of the NQDC Plan.

13. Represents Phantom RSUs held under the NQDC Plan and not subject to vesting conditions. Each Phantom RSU represents a contingent right to receive the economic equivalent of one Ordinary Share, which may be paid in cash or Ordinary Shares in accordance with the terms of the NQDC Plan.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Mark N. Klein, as attorney-in-fact	01/02/2025
	** 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 5 (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.
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Burford Capital Limited (BUR) Form 3Burford Capital / CHRISTOPHER P BOGART ownership change