Sec Form 4 Filing - FIRST RESERVE FUND XII LP @ Enstar Group LTD - 2015-06-03

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
FIRST RESERVE FUND XII LP
2. Issuer Name and Ticker or Trading Symbol
Enstar Group LTD [ ESGR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O FIRST RESERVE, ONE LAFAYETTE PLACE
3. Date of Earliest Transaction (MM/DD/YY)
06/03/2015
(Street)
GREENWICH, CT06830
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Stock, par value $1.00/share ("Ordinary Shares") 06/03/2015 S 652,596 D $ 140 0 I See Footnote ( 1 ) ( 5 ) ( 6 ) ( 7 )
Ordinary Stock 06/03/2015 S 11,715 D $ 140 0 I See Footnote ( 2 ) ( 5 ) ( 6 ) ( 7 )
Ordinary Stock 06/03/2015 S 809,989 D $ 140 0 I See Footnote ( 3 ) ( 5 ) ( 6 ) ( 7 )
Ordinary Stock 06/03/2015 S 26,911 D $ 140 0 I See Footnote ( 4 ) ( 5 ) ( 6 ) ( 7 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title a nd Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FIRST RESERVE FUND XII LP
C/O FIRST RESERVE
ONE LAFAYETTE PLACE
GREENWICH, CT06830
X
FR XII A PARALLEL VEHICLE LP
C/O FIRST RESERVE
ONE LAFAYETTE PLACE
GREENWICH, CT06830
X
FR XI Offshore AIV, L.P.
C/O FIRST RESERVE
ONE LAFAYETTE PLACE
GREENWICH, CT06830
X
FR Torus Co-Investment, L.P.
C/O FIRST RESERVE
ONE LAFAYETTE PLACE
GREENWICH, CT06830
X
First Reserve GP XII Ltd
C/O FIRST RESERVE
ONE LAFAYETTE PLACE
GREENWICH, CT06830
X
First Reserve GP XII, LP
C/O FIRST RESERVE
ONE LAFAYETTE PLACE
GREENWICH, CT06830
X
FR XI Offshore GP, L.P.
C/O FIRST RESERVE
ONE LAFAYETTE PLACE
GREENWICH, CT06830
X
FR XI Offshore GP Ltd
C/O FIRST RESERVE
ONE LAFAYETTE PLACE
GREENWICH, CT06830
X
MACAULAY WILLIAM E
C/O FIRST RESERVE
ONE LAFAYETTE PLACE
GREENWICH, CT06830
X
Signatures
FIRST RESERVE FUND XII, L.P., BY: FIRST RESERVE GP XII, L.P., its general partner, BY: FIRST RESERVE GP XII LIMITED, its general partner, By: /s/ Anne E. Gold, Chief Compliance Officer, Secretary 06/04/2015
Signature of Reporting Person Date
FR XII-A PARALLEL VEHICLE, L.P., BY: FIRST RESERVE GP XII, L.P., its general partner, BY: FIRST RESERVE GP XII LIMITED, its general partner, By: /s/ Anne E. Gold, Chief Compliance Officer, Secretary 06/04/2015
Signature of Reporting Person Date
FR XI OFFSHORE AIV, L.P., BY: FR XI OFFSHORE GP, L.P., its general partner, BY: FR XI OFFSHORE GP LIMITED, its general partner, By: /s/ Anne E. Gold, Chief Compliance Officer, Secretary 06/04/2015
Signature of Reporting Person Date
FR TORUS CO-INVESTMENT, L.P., BY: FIRST RESERVE GP XII LIMITED, its general partner, By: /s/ Anne E. Gold, Chief Compliance Officer, Secretary 06/04/2015
Signature of Reporting Person Date
FIRST RESERVE GP XII LIMITED, By: /s/ Anne E. Gold, Chief Compliance Officer, Secretary 06/04/2015
Signature of Reporting Person Date
FIRST RESERVE GP XII, L.P., BY: FIRST RESERVE GP XII LIMITED, its general partner, By: /s/ Anne E. Gold, Chief Compliance Officer, Secretary 06/04/2015
Signature of Reporting Person Date
FR XI OFFSHORE GP, L.P., BY: FR XI OFFSHORE GP LIMITED, its general partner, By: /s/ Anne E. Gold, Chief Compliance Officer, Secretary 06/04/2015
Signature of Reporting Person Date
FR XI OFFSHORE GP LIMITED, By: /s/ Anne E. Gold, Chief Compliance Officer, Secretary 06/04/2015
Signature of Reporting Person Date
WILLIAM E. MACAULAY, By: /s/ Anne E. Gold, Attorney-in-fact 06/04/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents Ordinary Shares held directly by First Reserve Fund XII, L.P. ("First Reserve XII").
( 2 )Represents Ordinary Shares held directly by FR XII-A Parallel Vehicle L.P., ("FR XII-A").
( 3 )Represents Ordinary Shares held directly by FR XI Offshore AIV, L.P. ("FR XI Offshore AIV").
( 4 )Represents Ordinary Shares held directly by FR Torus Co-Investment, L.P ("FR Co-Invest," together with First Reserve XII, FR XII-A and FR XI Offshore AIV, the "First Reserve Vehicles").
( 5 )First Reserve GP XII Limited ("XII Limited") is the general partner of First Reserve GP XII, L.P. ("XII GP"), which in turn is the general partner of each of First Reserve XII and FR XII-A. XII Limited is the general partner of FR Co-Invest. William E. Macaulay is a director of XII Limited, and has the right to appoint a majority of the Board of Directors of XII Limited. By virtue of Mr. Macaulay's right to appoint a majority of the directors of XII Limited, Mr. Macaulay may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose of or direct the disposition of) the Ordinary Shares held by each of First Reserve XII, FR XII-A and FR Co-Invest and therefore, Mr. Macaulay may be deemed to be a beneficial owner of such Ordinary Shares.
( 6 )FR XI Offshore GP, L.P. ("GP XI Offshore") is the general partner of FR XI Offshore AIV. FR XI Offshore GP Limited ("GP XI Offshore Limited", together with the First Reserve Vehicles, XII Limited, XII GP, GP XI Offshore and Mr. Macaulay, collectively the "Reporting Persons") is the general partner of GP XI Offshore.
( 7 )Each of such Reporting Persons may be deemed to beneficially own the Ordinary Shares beneficially owned by the First Reserve Vehicles directly or indirectly controlled by it, but each of the Reporting Persons, other than the First Reserve Vehicles as to their direct holdings of such Ordinary Shares, disclaims beneficial ownership of the Ordinary Shares held by the First Reserve Vehicles except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons, other than the Fir st Reserve Vehicles as to their direct holdings of Ordinary Shares, states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

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