BALDWIN & LYONS INC 4
4 · BALDWIN & LYONS INC · Filed May 16, 2006
Insider Transaction Report
Form 4
BALDWIN & LYONS INCBWINA / B
GOOD JAMES W
DirectorExecutive Vice President
Transactions
- Exercise/Conversion
Class B Common
2006-05-15$24.60/sh+20,000$492,000→ 58,800 total - Exercise of In-Money
Right to buy (option)
2006-05-15$24.60/sh−20,000$492,000→ 23,750 totalExercise: $20.60From: 2000-12-18Exp: 2007-12-18→ Class B Common (20,000 underlying)
Holdings
- 17,250
Class A Common