UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
MAIDEN HOLDINGS, LTD.
(Name of Issuer)
Common Shares, $.01 par value
(Title of
Class of Securities)
G5753U112
(CUSIP Number)
with copies to:
Maiden Holdings, Ltd.
131 Front Street, 2
nd
Floor
Hamilton HM 12 Bermuda
(Name, Address and Telephone Number of
Person
Authorized to Receive Notices and Communications)
June 20, 2016
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f)
or 13d-1(g), check the following box
o
.
* 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 disclosures provided in a prior cover page.
The information required on 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 (the “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).
Cusip No. G5753U112
1
|
|
NAME OF REPORTING PERSON:
|
|
|
Barry D. Zyskind
|
|
|
|
|
|
SS OR IRS IDENTIFICATION NOS. OF ABOVE PERSONS: NA
|
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP (See Instructions)
|
|
|
(a)
o
|
|
|
(b)
o
|
3
|
|
SEC USE ONLY
|
|
|
|
4
|
|
SOURCE OF FUNDS:
|
|
|
PF
|
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
|
|
o
|
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION:
|
|
|
United States of America
|
Number of
|
7
|
|
SOLE VOTING POWER:
|
Shares
|
|
|
|
Beneficially
|
|
|
6,374,292
|
Owned by
|
8
|
|
SHARED VOTING POWER:
|
Each
|
|
|
|
Trustee
|
|
|
95,000 (1)
|
With:
|
9
|
|
SOLE DISPOSITIVE POWER:
|
|
|
|
|
|
|
|
6,374,292
|
|
10
|
|
SHARED DISPOSITIVE POWER:
|
|
|
|
|
|
|
|
95,000 (1)
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
|
|
|
6,469,292
|
12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDE CERTAIN SHARES (See Instructions)
|
|
|
o
|
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
|
|
|
8.7%
|
14
|
|
TYPE OF REPORTING PERSON (See Instructions):
|
|
|
IN
|
|
(1)
|
Mr. Zyskind disclaims beneficial
ownership of 95,000 of these shares held by the Teferes Foundation (“Teferes”), a charitable foundation.
|
This Amendment No. 2 on Schedule 13D
(this “Statement”) is being filed by the undersigned to amend the Schedule 13D filing made on August 11, 2015.
The purpose of this filing is to report the updated beneficial ownership percentage relating to his service as co-trustee of
the
Michael Karfunkel Family 2005 Trust (the “Family Trust”) and as a
result of the distribution of Common Shares to
the Reporting Person after
Michael
Karfunkel’s passing in April 2016. Except as specifically amended and supplemented by this Amendment No. 2, the
Schedule 13D remains in full force and effect. Unless otherwise indicated, all capitalized terms used herein shall have the
meanings given to them in the Schedule 13D.
Item 1.
Security and Issuer.
The title and class of equity security to
which this Schedule 13D (this “Statement”) relates is the common shares, par value $.01 per share (the “Common
Shares”), of Maiden Holdings, Ltd., an insurance holding company organized under the laws of Bermuda (the “Issuer”).
The address of the Issuer’s principal executive offices is 131 Front Street, 2
nd
Floor, Hamilton HM12 Bermuda.
Item 2.
Identity and Background.
This report is being filed by Barry D. Zyskind
(the “Reporting Person”) with a business address of 59 Maiden Lane, 43
rd
Floor, New York, New York 10038.
The Reporting Person is a citizen of the United States of America. The Reporting Person is the President, Chief Executive Officer
and director of AmTrust Financial Services, Inc., an insurance holding company.
During the last five years, the Reporting
Person has not (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been
a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which the Reporting
Person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation of such laws.
Item 3.
Source and Amount
of Funds or Other Consideration.
Not applicable.
Item 4.
Purpose of Transaction.
The
purpose of this filing is to report the updated beneficial ownership percentage relating to his service as co-trustee of
the
Family Trust and as a result of the distribution of Common Shares to
the Reporting
Person after
Michael Karfunkel’s passing in April 2016.
The
Family Trust holds
5,500,470 Common Shares
. The Reporting Person’s spouse is
a beneficiary of the Family Trust. Leah Karfunkel and
the Reporting Person
serve
as co-trustees of the Family Trust. On June 20, 2016, Ms. Karfunkel and
the Reporting Person
executed
a Limited Power of Attorney pursuant to which
the Reporting Person
appointed Leah
Karfunkel as attorney-in-fact to exercise sole and exclusive voting, investment and dispositive power over 2,300,470 of the Common
Shares held by the Family Trust, and Ms. Karfunkel appointed
the Reporting Person
as
attorney-in-fact to exercise sole and exclusive voting, investment and dispositive power over 3,200,000 of the Common Shares held
by the Family Trust.
Item 5.
Interest in Securities of the Issuer.
|
(a)
|
As of the date hereof, the Reporting Person beneficially owned 3,174,292 Common Shares held individually, 3,200,000 Common Shares as a result of serving as co-trustee of the Family Trust, and 95,000 Common Shares held by Teferes. The Reporting Person disclaims beneficial ownership of the 95,000 Common Shares that he holds indirectly as a trustee of Teferes.
|
|
(b)
|
As of the date hereof, the Reporting Person had sole voting and dispositive power with respect to 3,174,292 Common Shares held directly by the Reporting Person and 3,200,000 Common Shares as a result of serving as co-trustee of the Family Trust, and shared voting and dispositive power with respect to the 95,000 Common Shares held as a trustee of HOD.
|
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
Barry
Zyskind and Leah Karfunkel executed a Limited Power of Attorney as authorized by the Family Trust, pursuant to which Mr. Zyskind
appointed Leah Karfunkel as attorney-in-fact to exercise sole and exclusive voting, investment and dispositive power over 2,300,470
of the Common Shares held by the Family Trust, and Ms. Karfunkel appointed Mr. Zyskind as attorney-in-fact to exercise sole
and exclusive voting, investment and dispositive power over 3,200,000 of the Common Shares held by the Family Trust.
Item 7. Materials To Be Filed As Exhibits.
Exhibit
99.1 – Limited Power of Attorney, dated June 20, 2016, executed by Leah Karfunkel and the Reporting Person.
SIGNATURES
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.
June 22, 2016
|
BARRY D. ZYSKIND
|
|
|
|
|
|
|
By:
|
/s/ Barry D. Zyskind
|
|
|
|
|
|
Maiden Holdings Ltd. (NASDAQ:MHLDO)
Historical Stock Chart
From Apr 2024 to May 2024
Maiden Holdings Ltd. (NASDAQ:MHLDO)
Historical Stock Chart
From May 2023 to May 2024