PORAT M MOSHE

USNatural personDirector

Transactions

Issuers

Buys / Sells

0/32

Last tx

06 Apr 2006

USNatural personDirector

Transactions

Issuers

Buys / Sells

0/32

Last tx

06 Apr 2006

Current positions

Holdings derived from the most recent reported transactions. Not adjusted for stock splits or share-class conversions.

Issuer	Shares	Source	Last tx	Detail
UNITED AMERICA INDEMNITY, LTD	48,583	reported	06 Apr 2006	tx 32+693−13,052
PENN AMERICA GROUP INC	15,050	reported	04 May 2004	tx 12+4,500−10,500

Recent transactions

Date	Type	Issuer	Qty	Price	Signals
06 Apr 2006	GRANT_AWARD	UNITED AMERICA INDEMNITY, LTD	233	22.90 USD
03 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	2,000	23.15 USD
03 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	409	23.50 USD
03 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	909	23.50 USD
01 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	900	23.00 USD
01 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	512	23.00 USD
01 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	186	23.00 USD
27 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	4	23.10 USD	anomaly
27 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	202	23.10 USD
24 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	106	23.25 USD
24 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	158	23.00 USD
24 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	166	23.00 USD
23 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.40 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.00 USD
23 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	77	22.40 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.00 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.00 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	2,200	22.00 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	400	22.26 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.25 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.27 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.25 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	1,300	22.25 USD
23 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	500	22.50 USD
23 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	300	22.50 USD

Current positions

Holdings derived from the most recent reported transactions. Not adjusted for stock splits or share-class conversions.

Issuer	Shares	Source	Last tx	Detail
UNITED AMERICA INDEMNITY, LTD	48,583	reported	06 Apr 2006	tx 32+693−13,052
PENN AMERICA GROUP INC	15,050	reported	04 May 2004	tx 12+4,500−10,500

Recent transactions

Date	Type	Issuer	Qty	Price	Signals
06 Apr 2006	GRANT_AWARD	UNITED AMERICA INDEMNITY, LTD	233	22.90 USD
03 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	2,000	23.15 USD
03 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	409	23.50 USD
03 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	909	23.50 USD
01 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	900	23.00 USD
01 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	512	23.00 USD
01 Mar 2006	SALE	UNITED AMERICA INDEMNITY, LTD	186	23.00 USD
27 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	4	23.10 USD	anomaly
27 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	202	23.10 USD
24 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	106	23.25 USD
24 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	158	23.00 USD
24 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	166	23.00 USD
23 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.40 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.00 USD
23 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	77	22.40 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.00 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.00 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	2,200	22.00 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	400	22.26 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.25 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.27 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	100	22.25 USD
22 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	1,300	22.25 USD
23 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	500	22.50 USD
23 Feb 2006	SALE	UNITED AMERICA INDEMNITY, LTD	300	22.50 USD