SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
STONE POINT CAPITAL LLC

(Last) (First) (Middle)
STONE POINT CAPITAL LLC
20 HORSENECK LANE

(Street)
GREENWICH CT 06830-6327

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Enstar Group LTD [ ESGR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/10/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Ordinary Shares 05/10/2022 S 89,790(1) D $222.74 1,546,196 I See Note(2)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
1. Name and Address of Reporting Person*
STONE POINT CAPITAL LLC

(Last) (First) (Middle)
STONE POINT CAPITAL LLC
20 HORSENECK LANE

(Street)
GREENWICH CT 06830-6327

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Stone Point GP Ltd.

(Last) (First) (Middle)
STONE POINT CAPITAL LLC
20 HORSENECK LANE

(Street)
GREENWICH CT 06830-6327

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Trident V Parallel Fund, L.P.

(Last) (First) (Middle)
STONE POINT CAPITAL LLC
20 HORSENECK LANE

(Street)
GREENWICH CT 06830-6327

(City) (State) (Zip)
1. Name and Address of Reporting Person*
TRIDENT V, L.P.

(Last) (First) (Middle)
STONE POINT CAPITAL LLC
20 HORSENECK LANE

(Street)
GREENWICH CT 06830-6327

(City) (State) (Zip)
Explanation of Responses:
1. Consists of ordinary shares ("Shares") of Enstar Group Ltd. ("Enstar") sold by Trident Public Equity LP, (a) 51,450 Shares on behalf of Trident V, L.P. ("Trident V"), (b) 36,083 Shares on behalf of Trident V Parallel Fund, L.P. ("Trident V Parallel") and (c) 2,257 Shares on behalf of Trident V Professionals Fund, L.P. ("Trident V Professionals").
2. Consists of Shares held by Trident Public Entity LP, (a) 885,977 Shares held for the benefit of Trident V, (b) 621,347 Shares held for the benefit of Trident V Parallel, and (c) 38,872 Shares held for the benefit of Trident V Professionals. Stone Point Capital LLC and certain of its subsidiaries may be deemed to beneficially own the Shares held on behalf of one or more of Trident V, Trident V Parallel, Trident V Professionals, and Trident Public Equity LP. Each of the reporting persons disclaims beneficial ownership of the Shares disclosed herein except to the extent of such person's pecuniary interest therein, if any.
Remarks:
James D. Carey, a managing director of Stone Point Capital LLC, is a member of the Board of Directors of Enstar. Mr. Carey is a member of the investment committee and owner of one of the four general partners of the general partners of each of Trident V and Trident V Parallel. Mr. Carey is a shareholder and director of Stone Point GP Ltd., which is the general partner of Trident V Professionals. On the basis of the relationships between Mr. Carey and the reporting persons, the reporting persons may be deemed directors by deputization in respect of Enstar.
Stone Point Capital LLC, By: /s/ Jacqueline Giammarco, Chief Compliance Officer 05/12/2022
Stone Point GP Ltd., By: /s/ Jacqueline Giammarco, Vice President 05/12/2022
Trident V Parallel Fund, L.P., By: By: Trident Capital V, L.P., its sole general partner, By:DW Trident V, LLC, a general partner, By: /s/ Jacqueline Giammarco, Vice President 05/12/2022
Trident V, L.P., By: Trident Capital V, L.P., its sole general partner, By:DW Trident V, LLC, a general partner, By: /s/ Jacqueline Giammarco, Vice President 05/12/2022
** 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 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).
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