Sec Form 4 Filing - Endurance Antarctica Partners, LLC @ Endurance Acquisition Corp. - 2022-10-27

Insider filing report for Changes in Beneficial Ownership
"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
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Endurance Antarctica Partners, LLC
2. Issuer Name and Ticker or Trading Symbol
Endurance Acquisition Corp. [ EDNC]
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 PARK AVENUE,, 32ND FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
10/27/2022
(Street)
NEW YORK, NY10166
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 10/27/2022 M 2,770,000 A $ 0 2,770,000 D( 3 )
Class A Ordinary Shares 10/27/2022 D( 1 )( 2 ) 2,770,000 D 0 D( 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
Class B Ordinary Shares ( 1 )( 2 ) 10/27/2022 M 2,770,000( 4 ) ( 1 )( 2 ) ( 1 )( 2 ) Class A Ordinary Shares 2,770,000 ( 1 )( 2 ) 0( 4 ) D( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Endurance Antarctica Partners, LLC
200 PARK AVENUE,
32ND FLOOR
NEW YORK, NY10166
X
Patel Chandra R
200 PARK AVENUE,
32ND FLOOR
NEW YORK, NY10166
X X
Davis Richard Charles
200 PARK AVENUE,
32ND FLOOR
NEW YORK, NY10166
X X Chief Executive Officer
Shaw Graeme B
200 PARK AVENUE,
32ND FLOOR
NEW YORK, NY10166
X Chief Technical Officer
Signatures
/s/ Tyler Miller as attorney-in-fact for Endurance Antarctica Partners, LLC 10/31/2022
Signature of Reporting Person Date
/s/ Tyler Miller as attorney-in-fact for Chandra R. Patel 10/31/2022
Signature of Reporting Person Date
/s/ Tyler Miller as attorney-in-fact for Richard Charles Davis 10/31/2022
Signature of Reporting Person Date
/s/ Tyler Miller as attorney-in-fact for Graeme B. Shaw 10/31/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the Business Combination Agreement, dated March 8, 2022, as amended, by and among the Issuer, SatixFy Communications Ltd., a limited liability company organized under the laws of the State of Israel ("SatixFy"), and SatixFy MS, a Cayman Islands exempted company and a direct, wholly owned subsidiary of SatixFy ("Merger Sub"), on October 27, 2022 Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly-owned subsidiary of SatixFy (the "Business Combination").
( 2 )As a result of the Business Combination, (i) each Class B ordinary share of the Issuer was automatically converted into one Class A ordinary share of the Issuer; (ii) each issued and outstanding Class A ordinary share of the Issuer was exchanged for one ordinary share of SatixFy; and (iii) the warrants held by the Reporting Persons to purchase Class A ordinary shares of the Issuer were automatically converted into a like number of warrants to purchase ordinary shares of SatixFy.
( 3 )Chandra R. Patel, Richard Charles Davis and Graeme B. Shaw share control over the managing member of Endurance Antarctica Partners, LLC (the "Sponsor") and therefore, indirectly, the Sponsor and, as a result, each may be deemed to beneficially own the securities reported herein. Each of Chandra R. Patel, Richard Charles Davis and Graeme B. Shaw disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
( 4 )750,000 Class B ordinary shares were forfeited when the underwriters' initial public offering over-allotment option expired unexercised. An additional 800,000 Class B ordinary shares were forfeited immediately prior to the closing of the Business Combination.

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.