Sec Form 4 Filing - Richmond Hill Investment Co., LP @ Global Indemnity Ltd - 2018-05-09

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
Richmond Hill Investment Co., LP
2. Issuer Name and Ticker or Trading Symbol
Global Indemnity Ltd [ GBLI]
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)
375 HUDSON STREET, 12TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
05/09/2018
(Street)
NEW YORK, NY10014
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
CLASS A ORDINARY SHARES 05/09/2018 S 3,387 D $ 40.1 ( 1 ) 1,039,770 ( 2 ) I (I) ( 3 )
CLASS A ORDINARY SHARES 05/10/2018 S 2,709 D $ 40.11 ( 4 ) 1,037,061 ( 2 ) I (I) ( 3 )
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
Director 10% Owner Officer Other
Richmond Hill Investment Co., LP
375 HUDSON STREET
12TH FLOOR
NEW YORK, NY10014
X
Richmond Hill Capital Management, LLC
375 HUDSON STREET
12TH FLOOR
NEW YORK, NY10014
X
Taylor Ryan P.
375 HUDSON STREET
12TH FLOOR
NEW YORK, NY10014
X
Signatures
/s/ Ryan P. Taylor on behalf of Richmond Hill Investment Co., LP 05/11/2018
Signature of Reporting Person Date
/s/ Ryan P. Taylor on behalf of Richmond Hill Capital Management, LLC 05/11/2018
Signature of Reporting Person Date
/s/ Ryan P. Taylor 05/11/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The sale price represents a weighted average of the sale price for multiple transactions on the same trading day. The range of sale prices was $40.00 to $40.39. The Reporting Persons will provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
( 2 )The filing of this Form 4 shall not be construed as an admission that Richmond Hill Investment Co., LP (Richmond Hill), Richmond Hill Capital Management, LLC (the Manager GP) or Ryan P. Taylor, the principal of Richmond Hill, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Class A Ordinary Shares (the Common Stock), of Global Indemnity LTD Cayman (the Issuer) purchased by a certain private investment fund advised by Richmond Hill (the Fund). Pursuant to Rule 16a-1, each of Richmond Hill, the Manager GP and Mr. Taylor disclaim such beneficial ownership.
( 3 )Richmond Hill holds indirectly the shares of Common Stock of the Issuer through the Fund, for which Richmond Hill is the Investment Manager. The Manager GP serves as the general partner of Richmond Hill. Ryan P. Taylor reports the Common Stock held indirectly by Richmond Hill and the Manager GP because, as the principal of Richmond Hill at the time of purchase, he controlled the disposition and voting of the securities.
( 4 )The sale price represents a weighted average of the sale price for multiple transactions on the same trading day. The range of sale prices was $40.00 to $40.24. The Reporting Persons will provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

Remarks:
Reporting Person: Richmond Hill Capital Management, LLCAddress: 375 Hudson Street, 12th Fl., New York, NY 10014Designated Filer: Richmond Hill Investment Co., LPIssuer and Symbol: Global Indty LTD Cayman (GBLI)Date of Event: 05/09/2018Requiring Statement:Signature: /s/ Ryan P. TaylorRyan P. Taylor, MemberReporting Person: Ryan P. TaylorAddress: 375 Hudson St, 12th Fl., New York, NY 10014Designated Filer: Richmond Hill Investment Co., LPIssuer and Symbol: Global Indty LTD Cayman (GBLI)Date of Event: 05/09/2018Requiring Statement:Signature: /s/ Ryan P. TaylorRyan P. TaylorRichmond Hill Capital Management, LLC375 HUDSON STREET12TH FLOORNEW YORK NY 10014Taylor Ryan P.375 HUDSON STREET12TH FLOORNEW YORK NY 10014

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