X0306 4 2017-01-20 0 0001584831 OXBRIDGE RE HOLDINGS Ltd OXBR 0001439935 Madhu Sanjay STRATHVALE HOUSE, 2ND FLOOR 90 NORTH CHURCH STREET, P.O. BOX 469 GRAND CAYMAN E9 KY1-9006 CAYMAN ISLANDS 1 1 0 0 CEO, President Ordinary Shares 85231 I See Footnote Ordinary Shares 40000 D Share Options (right to buy) 6.06 2017-01-20 4 A 0 25000 0 A 2027-01-20 Ordinary Shares 25000 25000 D Share Options (right to buy) 6 2025-01-23 Ordinary Shares 120000 120000 D Share Options (right to buy) 6 2026-01-16 Ordinary Shares 25000 25000 D Warrants 7.5 2018-05-31 Ordinary Shares 105000 105000 I See Footnote Warrants 7.5 2019-03-31 Ordinary Shares 98768 98768 I See Footnote Shares indirectly held in the name of Universal Finance and Investments, L.C. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of the reporting person's pecuniary interest in such securities. These share options vest in increments of 6.25% each on a quarterly basis, commencing on the date granted, and continuing on April 1st, July 1st, October 1st and January 1st of each calendar year, over a four-year period. Immediately exercisable. /s/ Curt P. Creely, Attorney-in-Fact for Sanjay Madhu 2017-03-20