WELCH JOHN F 4

4 · CNA SURETY CORP · Filed Jun 14, 2011

Form 4

Period: 2011-06-10

CEO

Transactions

Disposition to Issuer
CNA Surety Common Stock Option
2011-06-10$14.49/sh−29,700$430,353→ 0 total
Exercise: $12.06Exp: 2014-11-09→ Common Stock (29,700 underlying)
Disposition to Issuer
CNA Surety Common Stock Option
2011-06-10$12.23/sh−26,300$321,649→ 0 total
Exercise: $14.32Exp: 2020-02-05→ Common Stock (26,300 underlying)
Disposition to Issuer
CNA Surety Common Stock Option
2011-06-10$17.13/sh−18,600$318,618→ 0 total
Exercise: $9.42Exp: 2013-11-11→ Common Stock (18,600 underlying)
Disposition to Issuer
CNA Surety Common Stock Option
2011-06-10$13.48/sh−26,500$357,220→ 0 total
Exercise: $13.07Exp: 2015-10-25→ Common Stock (26,500 underlying)
Disposition to Issuer
CNA Surety Common Stock Option
2011-06-10$5.85/sh−18,700$109,395→ 0 total
Exercise: $20.70Exp: 2017-02-13→ Common Stock (18,700 underlying)
Disposition to Issuer
CNA Surety Common Stock Option
2011-06-10$10.20/sh−24,100$245,820→ 0 total
Exercise: $16.35Exp: 2018-02-08→ Common Stock (24,100 underlying)
Disposition to Issuer
Common Stock
2011-06-10−9,972→ 0 total
Disposition to Issuer
CNA Surety Common Stock Option
2011-06-10$16.70/sh−50,000$835,000→ 0 total
Exercise: $9.85Exp: 2013-06-30→ Common Stock (50,000 underlying)
Disposition to Issuer
CNA Surety Common Stock Option
2011-06-10$7.70/sh−20,600$158,620→ 0 total
Exercise: $18.85Exp: 2019-02-06→ Common Stock (20,600 underlying)

Footnotes (2)

[F1]These restricted stock, which are vested in four equal installments on each of the first four anniversaries of the grant date, were canceled in the merger in exchange for a cash payment equal to $26.55, multiplied by the number of shares subject to the restricted stock.
[F2]The options, which are vested and exercisable in four equal installments on each of the first four anniversaries of the grant date, were canceled in the merger in exchange for a cash payment equal to the difference between $26.55 and the exercise price of such options, multiplied by the number of shares subject to the options.

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