UNITED AMERICA INDEMNITY, LTD 4
4 · UNITED AMERICA INDEMNITY, LTD · Filed May 23, 2005
Insider Transaction Report
Form 4
SALTZMAN JON S
President
Transactions
- Exercise/Conversion
Class A common shares
2005-05-19$8.49/sh+6,484$55,049→ 21,868 total - Sale
Class A common shares
2005-05-19$16.72/sh−1,500$25,080→ 19,368 total - Exercise/Conversion
Class A common shares
2005-05-20$8.49/sh+18,800$159,612→ 34,184 total - Exercise/Conversion
Class A common shares
2005-05-23$8.49/sh+10,200$86,598→ 25,584 total - Sale
Class A common shares
2005-05-19$16.73/sh−1,000$16,730→ 20,868 total - Exercise/Conversion
Employee Stock Options
2005-05-20$8.49/sh−18,800$159,612→ 10,200 totalExercise: $8.49From: 2005-01-24Exp: 2012-01-02→ Class A common shares (29,000 underlying) - Sale
Class A common shares
2005-05-20$16.65/sh−2,000$33,300→ 22,184 total - Sale
Class A common shares
2005-05-23$16.60/sh−10,200$169,320→ 15,384 total - Sale
Class A common shares
2005-05-20$16.67/sh−5,000$83,350→ 29,184 total - Sale
Class A common shares
2005-05-20$16.60/sh−4,800$79,680→ 15,384 total - Exercise/Conversion
Employee Stock Options
2005-05-19$8.49/sh−6,484$55,049→ 29,000 totalExercise: $8.49From: 2005-01-24Exp: 2012-01-02→ Class A common shares (35,484 underlying) - Sale
Class A common shares
2005-05-19$16.71/sh−3,984$66,573→ 15,384 total - Exercise/Conversion
Employee Stock Options
2005-05-23$8.49/sh−10,200$86,598→ 0 totalExercise: $8.49From: 2005-01-24Exp: 2012-01-02→ Class A common shares (10,200 underlying)
Footnotes (3)
- [F1]Includes 15,384 Class A common shares that vest in five equal annual installments commencing on January 25, 2006.
- [F2]Options were issued under the Penn-America Group, Inc. 2002 Stock Incentive Plan and were assumed by the Company in connection with the merger of a subsidiary of the Company and Penn-America Group, Inc. after giving effect to the option conversion ratio used in connection with the merger.
- [F3]The options are fully vested as of January 24, 2005.