COMMERCE GROUP INC /MA 4
4 · COMMERCE GROUP INC /MA · Filed Feb 16, 2005
Insider Transaction Report
Form 4
DIGNAN PETER J
Senior Vice President
Transactions
- Exercise/Conversion
Option to purchase common stock
2005-02-15−3,071→ 18,444 totalExercise: $30.80From: 2004-04-06Exp: 2009-04-07→ Common stock (3,071 underlying) - Exercise/Conversion
Common stock
2005-02-15$30.80/sh+3,071$94,587→ 3,071 total - Sale
Common stock
2005-02-15$68.45/sh−3,071$210,210→ 0 total
Holdings
- 35,521(indirect: See)
Common stock
Footnotes (2)
- [F1]The transactions reported on this Form 4 were made pursuant to a plan intended to comply with Rule 10b5-1(c), previously adopted on September 15, 2004, when the reporting person was not in possession of material nonpublic information.
- [F2]The reporting person indirectly beneficially owns 35,521 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.