ERIE INDEMNITY CO 4
4 · ERIE INDEMNITY CO · Filed May 25, 2005
Insider Transaction Report
Form 4
BLACK SAMUEL P III
10% Owner
Transactions
- Sale
Class B Common Stock
2005-05-24$147000.00/sh−20$2,940,000→ 0 total→ Class A Common Stock (48,000 underlying) - Sale
Class B Common Stock
2005-05-24$147000.00/sh−130$19,110,000→ 260 total(indirect: By Partnership)→ Class A Common Stock (312,000 underlying)
Holdings
- 24,000(indirect: Samuel P. Black & Associates, Inc.)
Class A Common Stock
- 6,310
Class A Common Stock
- 5,509,240(indirect: By Partnership)
Class A Common Stock
Footnotes (2)
- [F1]Each share of Class B Common Stock is convertible at any time into 2,400 shares of Class A Common Stock. There are no exercise or expiration dates associated with this conversion feature and no specific exercise price when a Class B share is converted into Class A shares.
- [F2]Pursuant to the Articles of Incorporation of the Company, as amended, shares of Class B Common Stock (voting) of Erie Indemnity Company are convertible at any time to shares of Class A Common Stock (non-voting) at a conversion rate of 2,400 shares of Class A Stock for each share of Class B Stock.