SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* COLVILLE G CHRISTOPHER (Last) (First) (Middle) SIGNATURE GROUP HOLDINGS, INC. 15303 VENTURA BLVD. SUITE 1600 (Street) SHERMAN OAKS CA 91403 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 08/13/2012	3. Issuer Name and Ticker or Trading Symbol SIGNATURE GROUP HOLDINGS, INC. [ SGGH ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
SGH Common Stock	105,695(1)	D
SGH Common Stock	250,000(2)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. As part of an annual compensation package that has cash and equity components, Mr. Colville received restricted shares of common stock valued at $30,122.95 following his recent election to the Board of Directors of Signature Group Holdings, Inc. The amount of his cash and equity compensation was prorated, pursuant to a resolution of the Board, for the interim period between August 6, 2012 and December 31, 2012. These shares are scheduled to vest on 1/1/2013.

2. In June 2010, certain investors who made significant financial contributions to the Company received through a private placement unregistered shares of SGH common stock valued at $0.80 per share, subject to a Registration Rights Agreement (the "Agreement") signed by the Company and approved as part of the Plan of Reorganization to bring the former Fremont General Corporation out of bankruptcy. Mr. Colville held his shares as a tenant in common with Ms. Nancy Colville for the requisite two years pursuant to the Agreement, and neither Mr. Colville nor Ms. Colville were ever affiliated with SGH other than as investors until Mr. Colville became a director of the Company on 8/6/2012. The restrictions on transfer of the stock were removed on 12/29/2011.

Remarks:

	G. Christopher Colville	08/15/2012
	** Signature of Reporting Person	Date
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 5 (b)(v).
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