BALDWIN & LYONS INC 4
4 · BALDWIN & LYONS INC · Filed Feb 11, 2005
Insider Transaction Report
Form 4
BALDWIN & LYONS INCBWINA / B
SHAPIRO NORTON
Director10% Owner
Transactions
- 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
- 1,500
Right to buy (option)
Exercise: $26.00From: 2005-05-04Exp: 2011-05-04→ Class B common (1,500 underlying) - 7,500
Class A Common Stock
- 13,105
Class B Common Stock
Footnotes (2)
- [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.