SHAPIRO NORTON 4
4 · BALDWIN & LYONS INC · Filed Sep 16, 2011
Insider Transaction Report
Form 4
BALDWIN & LYONS INCBWINA / B
SHAPIRO NORTON
Director10% Owner
Transactions
- Sale
Class B Common Stock
2011-09-15$21.63/sh−807$17,455→ 9,690 total
Holdings
- 755,009(indirect: Various)
Class A Common Stock
- 7,500
Class A Common Stock
- 1,817,140(indirect: Various)
Class B Common Stock
Footnotes (1)
- [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; (b) Diversified Enterprises (not Inc.), (178,125 shares of Class A and 559,500 shares of Class B) a general partnership; (c) Shapiro Family L.P. - Gift Share (353,250 shares of Class A and 360,875 shares of Class B); (d) The Lester and Edna Shapiro Foundation (17,765 shares of Class B) and (e) Emlin Cosmetics, Inc. (3,884 shares of Class A). Beneficial ownership is shared by the undersigned and other family members for all shares owned by these entities.