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>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ATLAS FINANCIAL HOLDINGS, INC.
(Name of Issuer)
Ordinary voting common shares, $0.003 par value per share
(Title of Class of Securities)
G06207115
(CUSIP Number)
December 31, 2019
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ X ] Rule 13d-1(b)
[ ] 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 the disclosures provided in a prior cover page.
The information required in 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).
Continued on following pages
Page 1 of 8 Pages
Exhibit Index: Page 7
| SCHEDULE 13G |
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| CUSIP No. G06207115 |
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Page 2 of 8 Pages |
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1
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NAMES OF REPORTING PERSONS
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| CAPITAL RETURNS MANAGEMENT, LLC |
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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| Delaware |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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| 0 |
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6
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SHARED VOTING POWER
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| 0 |
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7
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SOLE DISPOSITIVE POWER
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| 0 |
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8
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SHARED DISPOSITIVE POWER
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| 0 |
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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| 0 |
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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| 0.0% |
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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| IA |
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| SCHEDULE 13G |
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| CUSIP No. G06207115 |
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Page 3 of 8 Pages |
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1
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NAMES OF REPORTING PERSONS
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| RONALD D. BOBMAN |
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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| United States of America |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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| 0 |
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6
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SHARED VOTING POWER
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| 0 |
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7
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SOLE DISPOSITIVE POWER
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| 0 |
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8
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SHARED DISPOSITIVE POWER
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| 0 |
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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| 0 |
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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| 0.0% |
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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| IN, HC |
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| SCHEDULE 13G |
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Page 4 of 8 Pages |
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| Item 1(a). |
Name of Issuer:
Atlas Financial Holdings, Inc. (the “Issuer”) |
| Item 1(b). |
Address of Issuer’s Principal Executive Offices:
953 American Lane, 3rd Floor, Schaumburg, IL, 60173
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| Item 2(a). |
Name of Person Filing
This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
i) Capital Returns Management, LLC (“CRM”); an
ii) Ronald D. Bobman (“Mr. Bobman”).
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This Statement relates to the Shares (as defined herein) held for the account of Capital Returns Master, Ltd. (the “Master”) and MAP 41 Segregated Portfolio, a segregated portfolio of LMA SPC (“MAP”). CRM serves as the investment
manager of the Master and as a sub-adviser of MAP. CRM is wholly owned by Mr. Bobman. In such capacities, CRM and Mr. Bobman may be deemed to beneficially own, and to have the power to vote or direct the vote of, and the power to direct the
disposition of, the Shares reported herein.
| Item 2(b). |
Address of Principal Business Office or, if None, Residence:
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The address of the principal business office of each of the Reporting Persons is c/o Capital Returns Management, LLC, 641 Lexington Avenue, 18th Floor, New York, NY 10022.
| Item 2(c). |
Citizenship:
i) CRM is a Delaware limited liability company; and
ii) Mr. Bobman is a citizen of the United States of America.
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| Item 2(d). |
Title of Class of Securities:
Ordinary voting common shares, $0.003 par value per share (the “Shares”)
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| Item 2(e). |
CUSIP Number:
G06207115
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| Item 3. |
If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c),
Check Whether the Person Filing is a:
(e) [X] An investment adviser in accordance with §240.13d-(b)(1)(ii)(E).
(g) [X] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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| SCHEDULE 13G |
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Page 5 of 8 Pages |
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| Item 4. |
Ownership:
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| Item 4(a) |
Amount Beneficially Owned:
As of December 31, 2019, each of CRM and Mr. Bobman may be deemed the beneficial owner of 0 Shares.
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| Item 4(b) |
Percent of Class:
As of December 31, 2019, each of CRM and Mr. Bobman may be
deemed the beneficial owner of 0.0% of Shares outstanding.
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| Item 4(c) | Number of Shares as to which such person has: |
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(i) Sole power to vote or direct the vote:
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0
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(ii) Shared power to vote or direct the vote:
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0 |
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(iii) Sole power to dispose or direct the disposition of:
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0
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(iv) Shared power to dispose or direct the disposition of:
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0 |
| 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 each of the Reporting Persons has ceased to be the
beneficial owner of more than five percent of the class of securities check the following: ☒.
| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable.
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| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:
See disclosure in Item 2 hereof.
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| Item 8. |
Identification and Classification of Members of the Group:
This Item 8 is not applicable.
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| Item 9. |
Notice of Dissolution of Group:
This Item 9 is not applicable.
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| Item 10. |
Certification:
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are
held in the ordinary course of business and 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, other than activities solely in connection with a nomination under §240.14a-11.
| SCHEDULE 13G |
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Page 6 of 8 Pages |
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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.
Dated: February 14, 2020
| CAPITAL RETURNS MANAGEMENT, LLC |
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By:
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Ronald D. Bobman |
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| Its: |
Sole Manager |
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| By: |
/s/ Ronald D. Bobman |
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| Name: |
Ronald D. Bobman |
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| Title: |
Sole Manager |
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| RONALD D. BOBMAN |
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/s/ Ronald D. Bobman |
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| SCHEDULE 13G |
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Page 7 of 8 Pages |
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EXHIBIT INDEX
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Ex.
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Page No.
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99.1
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Joint Filing Agreement
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8
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| SCHEDULE 13G |
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Page 8 of 8 Pages |
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Exhibit 99.1
JOINT FILING AGREEMENT
Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the “Act”), and the rules and
regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Act or any rule or regulation thereunder (including any amendment,
restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or
incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such
revoking party.
IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date first written above.
Dated: February 14, 2020
| CAPITAL RETURNS MANAGEMENT, LLC |
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By:
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Ronald D. Bobman |
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| Its: |
Sole Manager |
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| By: |
/s/ Ronald D. Bobman |
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| Name: |
Ronald D. Bobman |
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| Title: |
Sole Manager |
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| RONALD D. BOBMAN |
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/s/ Ronald D. Bobman |
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