COMMERCE GROUP INC /MA 4
4 · COMMERCE GROUP INC /MA · Filed Sep 1, 2004
Insider Transaction Report
Form 4
COCHRANE DAVID H
Senior Vice President
Transactions
- Sale
Common stock
2004-08-31$48.05/sh−200$9,610→ 2,600 total - Exercise/Conversion
Option to purchase common stock
2004-08-31−2,800→ 59,376 totalExercise: $30.80From: 2004-04-06Exp: 2009-04-07→ Common stock (2,800 underlying) - Exercise/Conversion
Common Stock
2004-08-31$30.80/sh+2,800$86,240→ 2,800 total - Sale
Common stock
2004-08-31$48.00/sh−2,600$124,800→ 0 total
Holdings
- 16,277(indirect: See)
Common stock
Footnotes (1)
- [F1]The reporting person indirectly beneficially owns 16,277 shares that are held by the Employee Stock Ownership Plan of The Commerce Group, Inc., which number of shares is calculated based on the units that have been credited to the reporting person as a participant in the ESOP and is subject to adjustment from time to time due, in part, to the unit value and the price per share of the common stock.