Frakes Larry A 4
4 · UNITED AMERICA INDEMNITY, LTD · Filed May 7, 2009
Insider Transaction Report
Form 4
Frakes Larry A
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Class A Common Shares
2009-05-05$3.50/sh+48,500$169,750→ 114,975 total - Exercise of In-Money
Subscription Rights
2009-05-05+66,475→ 59,913 totalExercise: $3.50From: 2009-03-16Exp: 2009-04-06→ Class A Common Shares (59,913 underlying)
Footnotes (1)
- [F1]Shareholders of record as of March 16, 2009 each received a pro-rata distribution of subscription rights. For each subscription right held, the individual had the right to purchase 0.9013 of the Issuer's Class A common shares.