SCHNEIDER SPENCER L 4
4 · AMERICAN PHYSICIANS CAPITAL INC · Filed Aug 9, 2004
Insider Transaction Report
Form 4
SCHNEIDER SPENCER L
Director
Transactions
- Sale
Common Stock
2004-08-05$27.20/sh−7,279$197,989→ 280 total - Exercise of In-Money
Common Stock
2004-08-05$20.60/sh+30,000$618,000→ 30,280 total - Sale
Common Stock
2004-08-05$27.20/sh−22,721$618,011→ 7,559 total - Exercise of In-Money
Stock Option (right to buy)
2004-08-05−30,000→ 0 totalExercise: $20.60From: 2002-02-20Exp: 2007-02-20→ Common Stock (30,000 underlying) - Purchase
Stock Option (right to buy)
2004-08-05+30,000→ 30,000 totalExercise: $27.20From: 2004-08-05Exp: 2009-08-05→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]Reporting person elected to pay the exercise price by having shares withheld as permitted by a cashless exercise provision in the January 29, 2002, option agreement.
- [F2]Stilwell Value Partners V, L.P. granted option on January 29, 2002. Option vested and was fully exercisable on February 20, 2002.
- [F3]Stilwell Value Partners II, L.P. and Stilwell Value Partners V, L.P. granted options for 15,000 shares each on August 5, 2004.