PORAT M MOSHE 4

4 · PENN AMERICA GROUP INC · Filed Nov 7, 2003

Form 4

Period: 2003-08-27

Director

Transactions

Sale
Common Stock
2003-08-27$12.00/sh−3,000$36,000→ 13,550 total
Sale
Common Stock
2003-09-05$12.95/sh−3,000$38,850→ 10,550 total
Award
Non-Qualified Stock Option (right to buy)
1997-05-12$9.17/sh+0$0→ 11,250 total
Exercise: $9.17From: 1998-05-12Exp: 2004-12-31→ Common Stock (11,250 underlying)
Award
Non-Qualified Stock Option (right to buy)
2001-05-09$6.67/sh+0$0→ 4,500 total
Exercise: $6.67From: 2002-05-09Exp: 2007-05-09→ Common Stock (4,500 underlying)
Award
Non-Qualified Stock Option (right to buy)
2003-05-14$10.62/sh+0$0→ 5,000 total
Exercise: $10.62From: 2004-05-14Exp: 2009-05-14→ Common Stock (5,000 underlying)
Award
Non-Qualified Stock Option (Right to buy)
1998-05-20$12.67/sh+0$0→ 4,500 total
Exercise: $12.67From: 1999-05-20Exp: 2004-05-20→ Common Stock (4,500 underlying)
Award
Non-Qualified Stock Option (right to buy)
2000-05-17$5.54/sh+0$0→ 4,500 total
Exercise: $5.54From: 2001-05-17Exp: 2006-05-17→ Common Stock (4,500 underlying)
Award
Non-Qualified Stock Option (right to buy)
1999-05-19$7.08/sh+0$0→ 4,500 total
Exercise: $7.08From: 2000-05-19Exp: 2005-05-19→ Common Stock (4,500 underlying)
Award
Non-Qualified Stock Option (right to buy)
2002-01-02$7.30/sh+0$0→ 18,000 total
Exercise: $7.30From: 2003-01-02Exp: 2008-01-02→ Common Stock (18,000 underlying)
Award
Non-Qualified Stock Option (right to buy)
2002-05-15$10.97/sh+0$0→ 7,500 total
Exercise: $10.97From: 2003-05-15Exp: 2008-05-15→ Common Stock (7,500 underlying)

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