Sec Form 4 Filing - GOLDMAN SACHS GROUP INC @ TIPTREE FINANCIAL INC.

Insider filing report for Changes in Beneficial Ownership

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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

GOLDMAN SACHS GROUP INC

2. Issuer Name and Ticker or Trading Symbol
TIPTREE FINANCIAL INC. [ TIPT]

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

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

(Last)

(First)

(Middle)

200 WEST STREET

3. Date of Earliest Transaction (MM/DD/YY)
09/17-04:00/2014

(Street)

NEW YORK, NY10282

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)
1.Title of Security (Instr. 3)	2. Transaction Date (MM/DD/YY)	2A. Deemed Execution Date, if any (MM/DD/YY)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	09/17-04:00/2014		P		3,419	A	$ 7.6125 ^{( 5 )}	5,630,264	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 5 )} ^{( 35 )}
Class A Common Stock	09/17-04:00/2014		S		319	D	$ 7.5659 ^{( 6 )}	5,629,945	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 6 )} ^{( 35 )}
Class A Common Stock	09/18-04:00/2014		P		4,584	A	$ 7.5229 ^{( 7 )}	5,634,529	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 7 )} ^{( 35 )}
Class A Common Stock	09/18-04:00/2014		S		2,475	D	$ 7.5136 ^{( 8 )}	5,609,419	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 8 )} ^{( 35 )}
Class A Common Stock	09/19-04:00/2014		P		6,092	A	$ 7.4504 ^{( 9 )}	5,638,146	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 9 )} ^{( 35 )}
Class A Common Stock	09/19-04:00/2014		S		30,131	D	$ 7.5662 ^{( 10 )}	5,608,015	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 10 )} ^{( 35 )}
Class A Common Stock	09/22-04:00/2014		P		713	A	$ 7.4494 ^{( 11 )}	5,608,728	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 11 )} ^{( 35 )}
Class A Common Stock	09/22-04:00/2014		S		2,631	D	$ 7.3826 ^{( 12 )}	5,606,097	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 12 )} ^{( 35 )}
Class A Common Stock	09/23-04:00/2014		P		381	A	$ 7.2715 ^{( 13 )}	5,606,478	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 13 )} ^{( 35 )}
Class A Common Stock	09/23-04:00/2014		S		381	D	$ 7.2715 ^{( 14 )}	5,606,097	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 14 )} ^{( 35 )}
Class A Common Stock	09/24-04:00/2014		P		539	A	$ 7.2928 ^{( 15 )}	5,606,636	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 15 )} ^{( 35 )}
Class A Common Stock	09/24-04:00/2014		S		3,297	D	$ 7.4333 ^{( 16 )}	5,603,339	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 16 )} ^{( 35 )}
Class A Common Stock	09/25-04:00/2014		P		1,458	A	$ 7.4855 ^{( 17 )}	5,604,797	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 17 )} ^{( 35 )}
Class A Common Stock	09/25-04:00/2014		S		2,006	D	$ 7.4822 ^{( 18 )}	5,602,791	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 18 )} ^{( 35 )}
Class A Common Stock	09/26-04:00/2014		P		632	A	$ 7.413 ^{( 19 )}	5,603,423	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 19 )} ^{( 35 )}
Class A Common Stock	09/26-04:00/2014		S		1,625	D	$ 7.4137 ^{( 20 )}	5,601,798	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 20 )} ^{( 35 )}
Class A Common Stock	09/29-04:00/2014		P		1,070	A	$ 7.2209 ^{( 21 )}	5,602,868	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 21 )} ^{( 35 )}
Class A Common Stock	09/29-04:00/2014		S		1,998	D	$ 7.2117 ^{( 22 )}	5,600,870	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 22 )} ^{( 35 )}
Class A Common Stock	09/30-04:00/2014		P		10,894	A	$ 7.8494 ^{( 23 )}	5,611,764	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 23 )} ^{( 35 )}
Class A Common Stock	09/30-04:00/2014		P		60,891	A	$ 8.2574 ^{( 24 )}	5,672,655	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 24 )} ^{( 35 )}
Class A Common Stock	09/30-04:00/2014		S		611	D	$ 7.2589 ^{( 25 )}	5,672,044	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 25 )} ^{( 35 )}
Class A Common Stock	09/30-04:00/2014		S		73,801	D	$ 8.2582 ^{( 26 )}	5,598,243	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 26 )} ^{( 35 )}
Class A Common Stock	10/01-04:00/2014		P		5,968	A	$ 7.6956 ^{( 27 )}	5,604,211	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 27 )} ^{( 35 )}
Class A Common Stock	10/01-04:00/2014		S		6,560	D	$ 7.7066 ^{( 28 )}	5,597,651	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 28 )} ^{( 35 )}
Class A Common Stock	10/02-04:00/2014		P		690	A	$ 7.4796 ^{( 29 )}	5,598,341	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 29 )} ^{( 35 )}
Class A Common Stock	10/02-04:00/2014		S		690	D	$ 7.4796 ^{( 30 )}	5,597,651	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 30 )} ^{( 35 )}
Class A Common Stock	10/03-04:00/2014		P		652	A	$ 7.4785 ^{( 31 )}	5,598,303	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 31 )} ^{( 35 )}
Class A Common Stock	10/03-04:00/2014		S		654	D	$ 7.4783 ^{( 32 )}	5,597,649	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 32 )} ^{( 35 )}
Class A Common Stock	10/06-04:00/2014		P		449	A	$ 7.3576 ^{( 33 )}	5,598,098 ^{( 4 )}	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 4 )} ^{( 33 )} ^{( 35 )}
Class A Common Stock	10/06-04:00/2014		S		449	D	$ 7.3576 ^{( 34 )}	5,609,053 ^{( 4 )}	I	See footnotes ^{( 1 )} ^{( 2 )} ^{( 3 )} ^{( 4 )} ^{( 34 )} ^{( 35 )}

**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 and 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
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GOLDMAN SACHS GROUP INC 200 WEST STREET NEW YORK, NY10282		X
GOLDMAN SACHS & CO 200 WEST STREET NEW YORK, NY10282		X

**Signatures**
/s/ Yvette Kosic, Attorney-in-fact		04/15-04:00/2015
Signature of Reporting Person		Date
/s/ Yvette Kosic, Attorney-in-fact		04/15-04:00/2015
Signature of Reporting Person		Date

Explanation of Responses:

( 1 )This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman, Sachs & Co. ("Goldman Sachs" and together with GS Group, the "Reporting Persons"). Goldman Sachs is a wholly-owned subsidiary of GS Group. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
( 2 )The shares of common stock, par value $0.001 per share (the "Common Stock") of Tiptree Financial, Inc. (the "Company") reported herein as purchased and sold were beneficially owned directly by Goldman Sachs, and indirectly by GS Group. Without admitting any legal obligation, Goldman Sachs or another wholly-owned subsidiary of GS Group will remit appropriate profits, if any, to the Company.
( 3 )For purposes of Rule 13d-3(a) and Rule 16a-1(a) only (and not for any other applicable purpose), GS Group and Goldman Sachs may be deemed to beneficially own indirectly the 5,596,000 shares of Common Stock held by indirect subsidiaries of ProSight Global Holdings Ltd. ("ProSight Global") because (i) certain investment partnerships (the "Funds") own ProSight Investment LLC ("ProSight Investment") and ProSight Parallel Investment LLC ("ProSight Parallel Investment"), shareholders of ProSight Global, (ii) the general partners of the Funds are affiliates of GS Group and Goldman Sachs, (iii) Goldman Sachs is the investment manager of certain of the Funds and (iv) of the relationship between ProSight Equity Management Inc., the manager of ProSight Investment and ProSight Parallel Investment, and Goldman Sachs.
( 4 )As of October 6, 2014, Goldman Sachs beneficially owned directly, and GS Group may have been deemed to have beneficially owned indirectly, 13,053 shares of Common Stock, and Goldman Sachs also had open short positions of 61,159 shares of Common Stock, reflecting changes due to exempt transactions.
( 5 )Reflects a weighted average purchase price of $7.6125 per share, at prices ranging from $7.54 to $7.74 per share.
( 6 )Reflects a weighted average sale price of $7.5659 per share, at prices ranging from $7.5519 to $7.6021 per share.
( 7 )Reflects a weighted average purchase price of $7.5229 per share, at prices ranging from $7.41 to $7.63 per share.
( 8 )Reflects a weighted average sale price of $7.5136 per share, at prices ranging from $7.49 to $7.6273 per share.
( 9 )Reflects a weighted average purchase price of $7.4504 per share, at prices ranging from $7.36 to $7.63 per share.
( 10 )Reflects a weighted average sale price of $7.5662 per share, at prices ranging from $7.36 to $7.6 per share.
( 11 )Reflects a weighted average purchase price of $7.4494 per share, at prices ranging from $7.34 to $7.6797 per share.
( 12 )Reflects a weighted average sale price of $7.3826 per share, at prices ranging from $7.34 to $7.6797 per share.
( 13 )Reflects a weighted average purchase price of $7.2715 per share, at prices ranging from $7.19 to $7.4026 per share.
( 14 )Reflects a weighted average sale price of $7.2715 per share, at prices ranging from $7.19 to $7.4026 per share.
( 15 )Reflects a weighted average purchase price of $7.2928 per share, at prices ranging from $7.2077 to $7.49 per share.
( 16 )Reflects a weighted average sale price of $7.4333 per share, at prices ranging from $7.2077 to $7.5 per share.
( 17 )Reflects a weighted average purchase price of $7.4855 per share, at prices ranging from $7.47 to $7.5107 per share.
( 18 )Reflects a weighted average sale price of $7.4822 per share, at prices ranging from $7.47 to $7.5107 per share.
( 19 )Reflects a weighted average purchase price of $7.413 per share, at prices ranging from $7.4062 to $7.5235 per share.
( 20 )Reflects a weighted average sale price of $7.4137 per share, at prices ranging from $7.21 to $7.5235 per share.
( 21 )Reflects a weighted average purchase price of $7.2209 per share, at prices ranging from $7.2 to $7.2375 per share.
( 22 )Reflects a weighted average sale price of $7.2117 per share, at prices ranging from $7.19 to $7.26 per share.
( 23 )Reflects a weighted average purchase price of $7.8494 per share, at prices ranging from $7.2 to $8.19 per share.
( 24 )Reflects a weighted average purchase price of $8.2574 per share, at prices ranging from $8.21 to $8.2645 per share.
( 25 )Reflects a weighted average sale price of $7.2589 per share, at prices ranging from $7.2356 to $7.364 per share.
( 26 )Reflects a weighted average sale price of $8.2582 per share, at prices ranging from $8.2555 to $8.26 per share.
( 27 )Reflects a weighted average purchase price of $7.6956 per share, at prices ranging from $7.67 to $7.9133 per share.
( 28 )Reflects a weighted average sale price of $7.7066 per share, at prices ranging from $7.65 to $7.9133 per share.
( 29 )Reflects a weighted average purchase price of $7.4796 per share, at prices ranging from $7.4526 to $7.61 per share.
( 30 )Reflects a weighted average sale price of $7.4796 per share, at prices ranging from $7.4526 to $7.61 per share.
( 31 )Reflects a weighted average purchase price of $7.4785 per share, at prices ranging from $7.45 to $7.6 per share.
( 32 )Reflects a weighted average sale price of $7.4783 per share, at prices ranging from $7.42 to $7.6 per share.
( 33 )Reflects a weighted average purchase price of $7.3576 per share, at prices ranging from $7.3555 to $7.45 per share.
( 34 )Reflects a weighted average sale price of $7.3576 per share, at prices ranging from $7.3555 to $7.45 per share.
( 35 )Upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided

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.

Sec Form 4 Filing - GOLDMAN SACHS GROUP INC @ TIPTREE FINANCIAL INC. - 2014-09-17-04:00