4//SEC Filing
BALDWIN & LYONS INC 4
Accession 0001017635-05-000002
CIK 0000009346operating
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 4:20 PM ET
Size
14.4 KB
Accession
0001017635-05-000002
Insider Transaction Report
Form 4
BALDWIN & LYONS INCBWINA / B
SHAPIRO ROBERT
Director10% Owner
Transactions
- Award
Right to buy (option)
2005-01-03$26.89/sh+251$6,749→ 251 totalExercise: $1.00From: 2006-01-02Exp: 2015-01-05→ Class B Common (251 underlying) - Will/Inheritance
Class A Common Stock
2005-02-11+353,250→ 751,125 total(indirect: Various) - Will/Inheritance
Class B Common Stock
2005-02-11+360,875→ 1,799,375 total(indirect: Various)
Holdings
- 110,250
Class A Common Stock
- 39,074
Class B Common Stock
- 930
Right to buy (option)
Exercise: $1.00From: 2005-01-03Exp: 2014-10-02→ Class B Common (930 underlying) - 1,500
Right to buy (option)
Exercise: $26.00From: 2005-05-04Exp: 2011-05-04→ Class B Common (1,500 underlying)
Footnotes (4)
- [F1]Owned by (a) Gelbart Fur Dressers (not Inc.), (178,500 shares of Class A and 714,000 shares of Class B) and Jay Ell Company (not Inc.), (41,250 shares of Class A and 165,000 shares of Class B) limited partnerships as to which beneficial ownership is shared by the undersigned and his two brothers, (b) Diversified Enterprises (not Inc.), (178,125 shares of Class A and 559,500 shares of Class B) a general partnership as to which beneficial ownership is shared by the undersigned and his two brothers and (c) Shapiro Family L.P. - Gift Share (353,250 shares of Class A and 360,875 shares of Class B) as to which beneficial ownership is shared by the undersigned and his two brothers.
- [F2]Shares owned by reporting person's father, recently deceased, were transferred to a family limited partnership for the benefit of reporting person and his two brothers. Each of the three beneficiaries shares beneficial ownership of these shares.
- [F3]Options become exercisable one year from the date of issuance and expire ten years and one day from the date of issuance. Options previously reported on Forms 4 and 5 have expiration dates ranging from January 2, 2014 through October 2, 2014. The price paid for the options was equl to and in lieu of directors fees.
- [F4]The price paid for the options was equal to and in lieu of directors fees.
Documents
Issuer
BALDWIN & LYONS INC
CIK 0000009346
Entity typeoperating
IncorporatedIN
Related Parties
1- filerCIK 0000009346
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 4:20 PM ET
- Size
- 14.4 KB