COCHRANE DAVID H 4
4 · COMMERCE GROUP INC /MA · Filed Aug 29, 2006
Insider Transaction Report
Form 4
COCHRANE DAVID H
Senior Vice President
Transactions
- Sale
Common Stock
2006-08-25$28.76/sh−18,225$524,151→ 17,118 total(indirect: See (2))
Footnotes (2)
- [F1]Pursuant to a diversification election made under the Employee Stock Ownership Plan of The Commerce Group, Inc. the reporting person has disposed of 18,225 shares held by the ESOP
- [F2]The reporting person indirectly beneficially owns 17,118 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 unit value and the price per share of the common stock.