PORAT M MOSHE 4
4 · PENN AMERICA GROUP INC · Filed Dec 13, 2004
Insider Transaction Report
Form 4
PORAT M MOSHE
Director
Transactions
- Exercise/Conversion
Common Stock
2004-12-09$9.17/sh+11,250$103,163→ 11,250 total - Exercise/Conversion
Non- qualified stock options (right to buy)
1997-05-14+11,250→ 0 totalExercise: $9.17From: 1998-05-14Exp: 2004-12-31→ Common Stock (11,250 underlying)