BERGLUND THOMAS R 4
4 · AMERICAN PHYSICIANS CAPITAL INC · Filed Jan 6, 2004
Insider Transaction Report
Form 4
BERGLUND THOMAS R
Director
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2004-01-05−7,000→ 11,000 totalExercise: $13.50Exp: 2010-12-05→ Common stock (7,000 underlying) - Exercise/Conversion
Common Stock
2004-01-05$13.50/sh+7,000$94,500→ 29,852 total
Footnotes (1)
- [F1]Option becomes exercisable over five years beginning 12/5/01, and has the following vesting schedule: 2000 shares on 12/5/01; 3000 shares on 12/5/02; 4000 shares on 12/5/03; 5000 shares on 12/5/04; and 6000 shares on 12/5/05. The option becomes immediately exercisable upon a change in control.