NOONAN EDWARD J 4
4 · UNITED AMERICA INDEMNITY, LTD · Filed Jul 11, 2005
Insider Transaction Report
Form 4
NOONAN EDWARD J
Director
Transactions
- Exercise/Conversion
Class A Common Shares
2005-07-07$17.19/sh+4,470$76,839→ 14,470 total - Exercise/Conversion
Units
2005-07-07$17.19/sh−4,470$76,839→ 0 totalExercise: $17.19→ Class A Common Shares (4,470 underlying)
Footnotes (3)
- [F1]The Issuer's deferred compensation plan for non-employee directors was terminated effective June 30, 2005 with compensation payable July 7, 2005. The units were converted into restricted Class A common shares under the Issuer's Share Incentive Plan.
- [F2]Represents units accrued under the Issuer's deferred compensation plan.
- [F3]Reflects the forfeiture of 465 units upon Mr. Noonan?s appointment as Acting Chief Executive Officer and thereby ceasing to be a non-employee director. Such units had been paid to Mr. Noonan in advance in connection with his retainer for the first quarter of 2005.