Barr Charles F 4
4 · UNITED AMERICA INDEMNITY, LTD · Filed Jul 28, 2009
Insider Transaction Report
Form 4
Barr Charles F
Sr VP & General Counsel
Transactions
- Sale
Class A common shares
2009-07-24$3.50/sh−10,000$35,000→ 52,362 total
Footnotes (1)
- [F1]The Reporting Person acquired 10,000 Class A common shares pursuant to the exercise of subscription rights. The terms of the Rights Offering provided that Class A common shares purchased pursuant to rights received in respect of restricted Class A common shares were subject to the same limitations on transfer as the associated restricted Class A common shares and will be subject to repurchase at the Issuer's option at the lower of the subscription price ($3.50/Class A common share), without interest, and the closing price of the Class A common shares on the Nasdaq Global Select Market on the day prior to forfeiture in the event the associated restricted Class A common shares are forfeited. Mr. Barr's employment ended on June 16, 2009 and, since his restricted Class A common shares forfeited, the Issuer has exercised its option to repurchase the Class A common shares.