Piper Jaffray Companies – ‘SC 13G/A’ on 2/14/13 re: Enstar Group Inc

On:  Thursday, 2/14/13, at 4:31pm ET   ·   Accession #:  1230245-13-44   ·   File #:  5-33020

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Amendment to Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment to Statement of Beneficial Ownership         5±    19K 

Document Table of Contents

UNITED STATES             
SECURITIES AND EXCHANGE COMMISSION            
Washington, DC 20549            

SCHEDULE 13G            
Under the Securities and Exchange Act of 1934           
(Amendment No. 3)             

The Enstar Group, Inc.              
------------------------------------------------------------------              
(Name of Issuer)              

Common Stock            
------------------------------------------------------------------              
(Title of Class of Securities)              

G3075P101             
------------------------------------------------------------------              
(CUSIP Number)              

December 31, 2012             
------------------------------------------------------------------              
(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.)                                                                     

CUSIP NO. G3075P101   13G                                                       

1     Name of Reporting Person / IRS Identification Number:                     
Piper Jaffray Companies / 30-0168701                                

------------------------------------------------------------------              
2     Check the Appropriate Box if a Member of a Group    (a)  [ ]              
                                            (b)  [ ]

------------------------------------------------------------------              
3     SEC Use Only                                                              

------------------------------------------------------------------              
4     Citizenship or Place of Organization                                      
Delaware                                                            

------------------------------------------------------------------              

Number of                                                                 
5     Sole Voting Power                   
Shares               458,729  Shares                                    
     -----------------------------------------------
Beneficially                                                                  
6     Shared Voting Power                 
Owned By              0 Shares                                            
     -----------------------------------------------
Each                                                                  
7     Sole Dispositive Power              
Reporting             458,729 Shares                                      
     -----------------------------------------------
Person                                                                  
8     Shared Dispositive Power            
With                0 Shares                                          
------------------------------------------------------------------              
9     Aggregate Amount Beneficially Owned by Each Reporting Person              
458,729 Shares  (See Exhibit A)                                     

------------------------------------------------------------------              
10    Check if the Aggregate Amount in Row (9) Excludes Certain                 
Shares  [ ]                                                         

------------------------------------------------------------------              
11    Percent of Class Represented by Amount in Row (9)                         
3.3%                                                                

------------------------------------------------------------------              
12    Type of Reporting Person                                                  
HC                                                                  

------------------------------------------------------------------              

Item 1     (a)  Name of Issuer: The Enstar Group, Inc.                          
Item 1     (b)  Name of Issuer's Principal Executive Offices:                   
401 Madison Avenue                              
Montgomery, AL 36104                            

Item 2     (a)  Person Filing: Piper Jaffray Companies                          
Item 2     (b)  Address: 800 Nicollet Mall Suite 800                            
Minneapolis, MN 55402         

Item 2     (c)  Citizenship: Piper Jaffray Companies is a                       
Delaware Corporation  

Item 2     (d)  Title of Class of Securities: Common Stock                      
Item 2     (e)  CUSIP Number: G3075P101                                         

Item 3     This statement is filed pursuant to Rule 13d-1(b) or                 
13d-2(b) and the person filing, Piper Jaffray Companies,  
is a parent holding company in accordance with Section    
240.13d-1(b)(ii)(G). (Note: See Item 7).                  

Item 4     Ownership                                                            

(a)  Amount Beneficially Owned:                           
Advisory Research, Inc.    458,729 Shares       

(b)  Percent of Class           3.3%                      

(c)  Number of shares as to which reporting person has:   
(i)    Sole Voting Power        458,729 Shares  
(ii)   Shared Voting Power      0       Shares  
(iii)  Sole Dispositive Power   458,729 Shares  
(iv)   Shared Dispositive Power 0       Shares  

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 the reporting person has       
ceased to be the beneficial owner of more than five       
percent of the class of securities, check the             
following [ X ]                                           

Item 6     Ownership of More than Five Percent on Behalf of Another             
Person:  The clients referenced in Exhibit A have the     
right to receive or the power to direct the receipt of    
dividends from, or the proceeds from the sale of the      
securities held in their respective accounts. No client's 
interest is known to exceed 5% of the class of securities.

Item 7     Identification and Classification of the Subsidiary                  
Which Acquired the Security being Reported on by the      
Parent Holding Company:                                   

See attached Exhibit A.                                   

Item 8     Identification and Classification if Members of                      
the Group:  Not Applicable                                

Item 9     Notice of Dissolution of Group:  Not Applicable                      

Item 10    Certification                                                        

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 such securities and were not acquired and are          
not held in connection with or as a participant           
in any transaction having such purposes or effect.        

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.                                        

2/14/2013                       
  ----------------------------------
Date                            

Piper Jaffray Companies         

By /s/ Brien M. O'Brien         
  ----------------------------------
Signature                       

Brien M. O'Brien                
Head of Asset Management        
  ----------------------------------
Name/Title                      

Advisory Research, Inc.         

By /s/ Brien M. O'Brien         
  ----------------------------------
Signature                       

Brien M. O'Brien                
Chief Executive Officer         
  ----------------------------------
Name/Title                      

JOINT FILING AGREEMENT                              

The undersigned persons, on February 14, 2013, agree and consent                
to the joint filing on their behalf of this Schedule 13G                        
in connection with their beneficial ownership of the Common                     
Stock of The Enstar Group, Inc. at December 31, 2012.                           

Piper Jaffray Companies         

By /s/ Brien M. O'Brien         
  ----------------------------------
Signature                       

Brien M. O'Brien                
Head of Asset Management        
  ----------------------------------
Name/Title                      

Advisory Research, Inc.         

By /s/ Brien M. O'Brien         
  ----------------------------------
Signature                       

Brien M. O'Brien                
Chief Executive Officer         
  ----------------------------------
Name/Title                      

EXHIBIT A                         

Pursuant to the instructions in Item 7 of Schedule 13G, Advisory                
Research, Inc. ("ARI"), 180 N. Stetson, Chicago, IL 60601, a                    
wholly-owned subsidiary of Piper Jaffray Companies and an                       
investment adviser registered under Section 203 of the                          
Investment Advisers Act of 1940, is the beneficial owner of                     
458,729 shares or 3.3% of the Common Stock outstanding                          
of The Enstar Group, Inc. ("the Company") as a result of                        
acting as investment adviser to various clients.                                

Piper Jaffray Companies may be deemed to be the beneficial owner                
of these 458,729 shares through control of ARI.  However, Piper                 
Jaffray Companies disclaims beneficial ownership of such shares.                
In addition, the filing of this Schedule 13G shall not be construed             
as an admission that the reporting person or any of its affiliates              
is the beneficial owner of any securities covered by this Schedule              
13G for any other purposes than Section 13(d) of the Securities                 
Exchange Act of 1934.                                                           

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13G/A’ Filing		Date		Other Filings
Filed on:		2/14/13		SC 13G,  SC 13G/A
		12/31/12		10-K,  11-K,  13F-NT,  5
				List all Filings