Edgar Filing: BRONFMAN MATTHEW

Ownership Submission

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:

3235-0104

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â BRONFMAN MATTHEW

2. Date of Event Requiring Statement (Month/Day/Year)
08/08/2005

3. Issuer Name and Ticker or Trading Symbol
James River Group, INC [JRVR]

(Last)

(First)

(Middle)

1414 RALEIGH ROAD, SUITE 415,Â

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

CHAPEL HILL,Â NCÂ 27517

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Convertible Preferred Stock	Â ⁽¹⁾	Â ⁽¹⁾	Common Stock	6,000 ⁽²⁾	$ ⁽²⁾	I	By Bronfman Associates III
Series B Convertible Preferred Stock	Â ⁽¹⁾	Â ⁽¹⁾	Common Stock	1,684 ⁽³⁾	$ ⁽³⁾	I	By Bronfman Associates III
Series B Convertible Preferred Stock	Â ⁽¹⁾	Â ⁽¹⁾	Common Stock	145,412 ⁽³⁾	$ ⁽³⁾	I	By JRG Seven, LLC ⁽⁷⁾
Series B Convertible Preferred Stock	Â ⁽¹⁾	Â ⁽¹⁾	Common Stock	1,280 ⁽³⁾	$ ⁽³⁾	D	Â
Options to Purchase Common Stock	Â ⁽⁵⁾	05/14/2013	Common Stock	812 ⁽⁴⁾ ⁽⁵⁾	$ 100 ⁽⁴⁾	D	Â
Options to Purchase Common Stock	Â ⁽⁶⁾	03/24/2014	Common Stock	400 ⁽⁴⁾ ⁽⁶⁾	$ 100 ⁽⁴⁾	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BRONFMAN MATTHEW 1414 RALEIGH ROAD, SUITE 415 CHAPEL HILL,Â NCÂ 27517	Â X	Â X	Â	Â
JRG Seven LLC C/O HOLTZ RUBENSTEIN REMNICK LLP 1430 BROADWAY, 17TH FLOOR NEW YORK,Â NYÂ 10018	Â	Â	Â	Manager of JRG Seven LLC
Edgar M Bronfman Non-IDB Trust A under the 1942 EMBT Donation dated May 1 1942 C/O HOLTZ RUBENSTEIN REMNICK LLP 1430 BROADWAY, 17TH FLOOR NEW YORK,Â NYÂ 10018	Â	Â	Â	Trustee
Edgar M Bronfman Non-IDB Trust B under the 1942 EMBT Donation dated May 1 1942 C/O HOLTZ RUBENSTEIN REMNICK LLP 1430 BROADWAY, 17TH FLOOR NEW YORK,Â NYÂ 10018	Â	Â	Â	Trustee
Edgar M Bronfman Non-IDB Trust C under the 1942 EMBT Donation dated May 1 1942 C/O HOLTZ RUBENSTEIN REMNICK LLP 1430 BROADWAY, 17TH FLOOR NEW YORK,Â NYÂ 10018	Â	Â	Â	Trustee
Edgar M Bronfman Non-IDB Trust D under the 1942 EMBT Donation dated May 1 1942 C/O HOLTZ RUBENSTEIN REMNICK LLP 1430 BROADWAY, 17TH FLOOR NEW YORK,Â NYÂ 10018	Â	Â	Â	Trustee
Edgar M Bronfman Non-IDB Trust E under the 1942 EMBT Donation dated May 1 1942 C/O HOLTZ RUBENSTEIN REMNICK LLP 1430 BROADWAY, 17TH FLOOR NEW YORK,Â NYÂ 10018	Â	Â	Â	Trustee
Edgar M Bronfman Non-IDB Trust F under the 1942 EMBT Donation C/O HOLTZ RUBENSTEIN REMNICK LLP 1430 BROADWAY, 17TH FLOOR NEW YORK,Â NYÂ 10018	Â	Â	Â	Trustee
Edgar M Bronfman Non-IDB Trust G under the 1942 EMBT Donation C/O HOLTZ RUBENSTEIN REMNICK LLP 1430 BROADWAY, 17TH FLOOR NEW YORK,Â NYÂ 10018	Â	Â	Â	Trustee

Signatures

/s/ J. Adam Abram, Attorney-in-Fact		08/08/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	All of the issuer's Series A Convertible Preferred Stock and Series B Convertible Preferred Stock will be converted into Common Stock immediately prior to the closing of the issuer's initial public offering.
(2)	Does not reflect accrued and unpaid dividends payable in Common Stock or a 10-for-1 stock split to be effective prior to the closing of the issuer's initial public offering.
(3)	Does not reflect accrued and unpaid dividends payable in Common Stock or a 10-for-1 stock split to be effective prior to the closing of the issuer's initial public offering.
(4)	Does not reflect a 10-for-1 stock split, to be effective prior to the closing of the issuer's initial public offering.
(5)	Of these 812 Options to Purchase Common Stock, 406 have vested, and the remainder will vest in equal installments on each of 5/15/06 and 5/15/07.
(6)	Of these 400 Options to Purchase Common Stock, 100 have vested, and the remainder will vest in equal installments on each of 3/25/06, 3/25/07 and 3/25/08.
(7)	Mr. Bronfman is the manager of JRG Seven, LLC but disclaims any beneficial ownership of any equity securities held by JRG Seven, LLC.
Â Remarks: J.Â AdamÂ AbramÂ wasÂ grantedÂ aÂ powerÂ ofÂ attorneyÂ toÂ signÂ FormÂ 3Â onÂ behalfÂ ofÂ Mr.Â BronfmanÂ pursuantÂ toÂ theÂ PowerÂ ofÂ AttorneyÂ attachedÂ heretoÂ asÂ ExhibitÂ 24.Â EXHIBITÂ INDEXÂ ExhibitÂ 24Â -Â PowerÂ ofÂ AttorneyÂ ExhibitÂ 99Â -Â JointÂ Filers

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.