COMMERCE GROUP INC /MA 4
4 · COMMERCE GROUP INC /MA · Filed Dec 4, 2007
Insider Transaction Report
Form 4
FELS GERALD
DirectorExec. Vice Pres. & CFO
Transactions
- Exercise/Conversion
Option to Purchase Common Stock
2007-11-30−5,246→ 0 totalExercise: $30.36From: 2007-02-16Exp: 2017-02-15→ Common Stock (5,246 underlying) - Exercise/Conversion
Common stock
2007-11-30$30.36/sh+5,246$159,269→ 631,271 total
Holdings
- 425,232(indirect: See)
Common stock
- 3,000(indirect: See)
Common stock
- 31,080(indirect: See)
Common stock
- 4,714(indirect: See)
Common stock
- 43,064(indirect: See)
Common stock
Footnotes (6)
- [F1]425,232 shares are owned by the undersigned's wife.
- [F2]31,080 shares are owned by the undersigned's wife and daughter as joint tenants.
- [F3]43,064 shares are owned by the undersigned's wife and son as joint tenants.
- [F4]3,000 shares are owned by the undersigned as custodian for his grandson.
- [F5]The reporting person indirectly beneficially owns 4,714 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.
- [F6]The filing of this statement by the undersigned is not to be construed as and shall not be deemed to be an admission that the undersigned is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, a beneficial owner of these shares.