Sec Form 3 Filing - Millennial Specialty Holdco LLC @ BRP Group, Inc. - 2019-10-28

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
Millennial Specialty Holdco LLC
2. Issuer Name and Ticker or Trading Symbol
BRP Group, Inc. [ BRP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Member of 10% owner group
(Last) (First) (Middle)
C/O BRP GROUP, INC., 4010 W. BOY SCOUT BLVD., SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
10/28/2019
(Street)
TAMPA, FL33607
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 B Common Stock 4,285,714 ( 1 ) ( 2 ) D
Class B Common Stock 4,285,714 ( 1 ) ( 3 ) I By Millennial Specialty Holdco, LLC
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
LLC Units in Baldwin Risk Partners, LLC $ 0 ( 4 ) ( 4 ) Class A Common Stock 4,285,714 ( 1 ) ( 2 ) ( 4 ) D
LLC Units in Baldwin Risk Partners, LLC $ 0 ( 4 ) ( 4 ) Class A Common Stock 4,285,714 ( 1 ) ( 3 ) ( 4 ) I By Millennial Specialty Holdco, LLC
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Millennial Specialty Holdco LLC
C/O BRP GROUP, INC.
4010 W. BOY SCOUT BLVD., SUITE 200
TAMPA, FL33607
X Member of 10% owner group
Roche James Morgan
C/O BRP GROUP, INC.
4010 W. BOY SCOUT BLVD., SUITE 200
TAMPA, FL33607
X Member of 10% owner group
Signatures
/s/ Christopher J. Stephens, as Attorney-in Fact, for Millennial Specialty Holdco, LLC 10/28/2019
Signature of Reporting Person Date
/s/ Christopher J. Stephens, as Attorney-in Fact, for James Morgan Roche 10/28/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This excludes securities owned by the Villages Invesco, LLC (the "Villages") relating to a voting agreement between the Villages and members of the "group" referenced in footnote 2, for which the reporting persons disclaim beneficial ownership.
( 2 )These securities are owned by Millennial Specialty Holdco, LLC ("Millennial"), which is a member of a "group" pursuant to a voting agreement with (and with respect to the securities owned by) those individuals listed in the "Remarks" section (the "Voting Group"). These securities were acquired through the conversion immediately prior to the issuer's initial public offering of historical interests held by Millennial Specialty Holdco, LLC in Baldwin Risk Partners, LLC ("Baldwin Risk Partners").
( 3 )James Morgan Roche is the managing member of Millennial (which owns the reported securities) and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
( 4 )Each LLC Unit, together with a share of Class B common stock, may be converted by the holder into one share of Class A common stock at any time. The LLC Units do not expire.

Remarks:
The Voting Group consists of Millennial, Baldwin Insurance Group Holdings, LLC, Lowry Baldwin, Trevor Baldwin, Elizabeth Krystyn, Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust I Dated September 30, 2019, Elizabeth H. Krystyn 2019 Grantor Retained Annuity Trust II Dated September 30, 2019, Laura Sherman, Laura R. Sherman GRAT 2019-1 Dated September 30, 2019, Laura R. Sherman GRAT 2019-2 Dated September 30, 2019, Kristopher Aaron Wiebeck, Kristopher A. Wiebeck 2019 Grantor Retained Annuity Trust Dated September 30, 2019, John A Valentine, John A. Valentine 2019 Grantor Retained Annuity Trust Dated September 30, 2019, Daniel Galbraith, Bradford Hale, Joseph D. Finney, Christopher J. Stephens and James Morgan Roche for purposes of Section 13(d) of the Securities Exchange Act of 1934. As the Voting Group contains more than ten insiders, see the Form 3 for Baldwin Insurance Group Holdings, LLC filed October 28, 2019 for the securities owned by additional members of the Voting Group.

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