Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1 (b) (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2 (b)
(Amendment No. 4)*
Greenlight Capital Re, Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Ordinary Shares
- --------------------------------------------------------------------------------
(Title of Class of Securities)
G4095J109
- --------------------------------------------------------------------------------
(CUSIP Number)
May 5, 2009
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
================================================================================
CUSIP No. G4095J109 13G Page 2 of 13 Pages
================================================================================
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Montpellier Investments L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 411,483
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
411,483
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
411,483
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.3722%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- --------------------------------------------------------------------------------
Page 2 of 13 Pages
================================================================================
CUSIP No. G4095J109 13G Page 3 of 13 Pages
================================================================================
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Montpellier USA Holdings LLC
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,052,355
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,052,355
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,052,355
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.5095%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- --------------------------------------------------------------------------------
Page 3 of 13 Pages
================================================================================
CUSIP No. G4095J109 13G Page 4 of 13 Pages
================================================================================
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Montpellier Resources Ltd.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,463,838
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,463,838
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,463,838
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.8817%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- --------------------------------------------------------------------------------
Page 4 of 13 Pages
================================================================================
CUSIP No. G4095J109 13G Page 6 of 13 Pages
================================================================================
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Khronos LLC
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,463,838
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,463,838
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,463,838
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.8817%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- --------------------------------------------------------------------------------
Page 5 of 13 Pages
================================================================================
CUSIP No. G4095J109 13G Page 6 of 13 Pages
================================================================================
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Zen Group LLC
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,463,838
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,463,838
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,463,838
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.8817%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
- --------------------------------------------------------------------------------
Page 6 of 13 Pages
================================================================================
CUSIP No. G4095J109 13G Page 7 of 13 Pages
================================================================================
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Rafael Mayer
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,463,838
OWNED BY -----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
1,463,838
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,463,838
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.8817%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
Page 7 of 13 Pages
Item 1.
(a) Name of Issuer.
Greenlight Capital Re, Ltd.
(b) Address of Issuer's Principal Executive Offices.
802 West Bay Road, The Grand Pavilion, Grand Cayman, KY1-1205,
Cayman Islands
Item 2.
(a) Name of Person Filing.
This Schedule 13G is being filed by Montpellier Investments L.P.;
Montpellier USA Holdings LLC; Montpellier Resources Ltd.; Khronos
LLC; Zen Group LLC; and Rafael Mayer; (collectively, the "Reporting
Persons"). See Item 4 below.
(b) Address of Principal Business Office or, if none, Residence.
The principal business address of each of the Reporting Persons is:
Montpellier Investments L.P.; Canon's Court, 22 Victoria Street,
Hamilton, HM EX Bermuda.
Montpellier USA Holdings LLC; 2 Grand Central Tower, 140 East 45th
Street, 28th Floor, New York, New York 10017.
Montpellier Resources Ltd.; Canon's Court, 22 Victoria Street,
Hamilton, HM EX Bermuda.
Khronos LLC; 2 Grand Central Tower, 140 East 45th Street, 28th
Floor, New York, New York 10017.
Zen Group LLC; 2 Grand Central Tower, 140 East 45th Street, 28th
Floor, New York, New York 10017.
Rafael Mayer; 2 Grand Central Tower, 140 East 45th Street, 28th
Floor, New York, New York 10017.
(c) Citizenship.
Montpellier Investments L.P.; Bermuda.
Montpellier USA Holdings LLC; Delaware.
Page 8 of 13 Pages
Montpellier Resources Ltd.; Bermuda.
Khronos LLC; New York.
Zen Group LLC; New York.
Rafael Mayer; United States.
(d) Title of Class of Securities.
Class A Ordinary Shares, par value $.10.
(e) CUSIP Number.
G4095J109
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c),
check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Act.
(c) |_| Insurance Company as defined in Section 3(a)(19) of the Act.
(d) |_| Investment Company registered under Section 8 of the
Investment Company Act.
(e) |_| Investment Adviser in accordance with
Sec. 240.13d-1(b)(1)(ii)(E).
(f) |_| Employee Benefit Plan or Endowment Fund in accordance with
Sec. 240.13d(Y)1(b)(1)(ii)(F).
(g) |_| Parent holding company, in accordance with
Sec. 240.13d-1(b)(ii)(G).
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act.
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940.
(j) |_| Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Sec. 240.13d-1(c), check this box
|X|.
Item 4. Ownership
(a) Amount Beneficially Owned.
Montpellier Investments L.P. - 411,483 shares.
Montpellier USA Holdings LLC - 1,052,355 shares.
Montpellier Resources Ltd. - 1,463,838 shares (Comprised of shares
held by the Montpellier Entities (as defined in footnote 1)).(1)
- ----------
(1) Montpellier Resources Ltd. conducts its investment activities through
separate classes of shares which are linked to two segregated accounts:
the Distribution Class and the Continuing Class. The assets attributable
to each class, including the Securities of the Issuer which are the
subject of this report, are held through separate subsidiary companies.
The Distribution Class indirectly holds a majority interest in Montpellier
USA Holdings LLC. The Continuing Class holds a majority interest in
Montpellier Investments L.P. Montpellier USA Holdings LLC and Montpellier
Investments L.P. are together referred to as the "Montpellier Entities."
Page 9 of 13 Pages
Khronos LLC - 1,463,838 shares (Comprised of shares held by the
Montpellier Entities. Khronos LLC is the investment manager with
respect to such shares).
Zen Group LLC - 1,463,838 shares (Comprised of shares held by the
Montpellier Entities. Zen Group LLC is the managing member of
Khronos LLC, which is the investment manager with respect to such
shares).
Rafael Mayer - 1,463,838 shares (Comprised of shares held by the
Montpellier Entities. Rafael Mayer is the managing member of Zen
Group LLC, which is the managing member of Khronos LLC, which is the
investment manager with respect to such shares).
(b) Percent of Class.
Montpellier Investments L.P. - 1.3722%.
Montpellier USA Holdings LLC - 3.5095%.
Montpellier Resources Ltd. - 4.8817%.
Khronos LLC - 4.8817%.
Zen Group LLC - 4.8817%.
Rafael Mayer - 4.8817%.
(c) Number of shares as to which each such person has
(i) sole power to vote or to direct the vote: 0 for all Reporting
Persons.
(ii) shared power to vote or to direct the vote:
Montpellier Investments L.P. - 411,483 shares.
Montpellier USA Holdings LLC - 1,052,355 shares.
Montpellier Resources Ltd. - 1,463,838 shares.
Khronos LLC - 1,463,838 shares.
Zen Group LLC - 1,463,838 shares.
Rafael Mayer - 1,463,838 shares.
Page 10 of 13 Pages
(iii) sole power to dispose or to direct the disposition of: 0 for
all Reporting Persons.
(iv) shared power to dispose or to direct the disposition of:
Montpellier Investments L.P. - 411,483 shares.
Montpellier USA Holdings LLC - 1,052,355 shares.
Montpellier Resources Ltd. - 1,463,838 shares.
Khronos LLC - 1,463,838 shares.
Zen Group LLC - 1,463,838 shares.
Rafael Mayer - 1,463,838 shares.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [X]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Page 11 of 13 Pages
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: June 12, 2009
Montpellier Investments L.P.,
by Khronos LLC, its general partner
By: /s/ Rafael Mayer
------------------------
Title: Managing Director
Montpellier USA Holdings LLC,
by Khronos LLC, its manager
By: /s/ Rafael Mayer
------------------------
Title: Managing Director
Montpellier Resources Ltd.
By: /s/ Rafael Mayer
------------------------
Title: Director
Khronos LLC,
by Zen Group LLC, its managing member
By: /s/ Rafael Mayer
------------------------
Title: Managing Director
Zen Group LLC
By: /s/ Rafael Mayer
------------------------
Title: Managing Member
/s/ Rafael Mayer
------------------------
Rafael Mayer
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (see 18 U.S.C. 1001).
Page 12 of 13 Pages
EXHIBIT A
The undersigned hereby agree jointly to prepare and file with regulatory
authorities a Schedule 13G and any amendments thereto reporting each of the
undersigned's ownership of securities of Greenlight Capital Re, Ltd. and hereby
affirm that such Schedule 13G is being filed on behalf of each of the
undersigned.
Date: June 12, 2009
Montpellier Investments L.P.,
by Khronos LLC, its general partner
By: /s/ Rafael Mayer
------------------------
Title: Managing Director
Montpellier USA Holdings LLC
by Khronos LLC, its manager
By: /s/ Rafael Mayer
------------------------
Title: Managing Director
Montpellier Resources Ltd.
By: /s/ Rafael Mayer
------------------------
Title: Director
Khronos LLC
by Zen Group LLC, its managing member
By: /s/ Rafael Mayer
------------------------
Title: Managing Director
Zen Group LLC
By: /s/ Rafael Mayer
------------------------
Title: Managing Member
/s/ Rafael Mayer
------------------------
Rafael Mayer
Page 13 of 13 Pages