Insider Trades - RATLIFF WILLIAM T III

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RATLIFF WILLIAM T III: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Triad Guaranty Inc. Director NasdaqGS:TGIC (historical quotes, profile, SEC, other insiders)	27-Aug-09 11-Dec-08	303,876 7,077 310,953	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
27-Aug-09 12,750 TGIC Acquisition (Non Open Market) at $0 per share.
10-Mar-09 8,669 TGIC Acquisition (Non Open Market) at $0.22 per share.
(Value of $1,907)
19-Dec-08 2,250 TGIC Automatic Sale at $0.39 per share.
(Proceeds of $877)
18-Dec-08 10,000 TGIC Automatic Sale at $0.04 per share.
(Proceeds of $400)
17-Dec-08 10,000 TGIC Automatic Sale at $0.40 per share.
(Proceeds of $4,000)
16-Dec-08 10,000 TGIC Automatic Sale at $0.39 per share.
(Proceeds of $3,900)
15-Dec-08 10,000 TGIC Automatic Sale at $0.37 per share.
(Proceeds of $3,700)
11-Dec-08 *5,313 TGIC Sale at $0.40 per share.
(Proceeds of $2,125)
13-Nov-07 7,000 TGIC Purchase at $7.44 - $7.49 per share.
(Cost of about $52,000)
9-Nov-07 3,000 TGIC Purchase at $6.98 - $6.98 per share.
(Cost of about $21,000)
8-Nov-07 10,000 TGIC Purchase at $6.42 - $6.68 per share.
(Cost of about $66,000)
7-Nov-07 4,000 TGIC Purchase at $6.33 - $6.4 per share.
(Cost of about $25,000)
* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
27-Aug-09	12,750	TGIC	Acquisition (Non Open Market) at $0 per share.
10-Mar-09	8,669	TGIC	Acquisition (Non Open Market) at $0.22 per share. (Value of $1,907)
19-Dec-08	2,250	TGIC	Automatic Sale at $0.39 per share. (Proceeds of $877)
18-Dec-08	10,000	TGIC	Automatic Sale at $0.04 per share. (Proceeds of $400)
17-Dec-08	10,000	TGIC	Automatic Sale at $0.40 per share. (Proceeds of $4,000)
16-Dec-08	10,000	TGIC	Automatic Sale at $0.39 per share. (Proceeds of $3,900)
15-Dec-08	10,000	TGIC	Automatic Sale at $0.37 per share. (Proceeds of $3,700)
11-Dec-08	*5,313	TGIC	Sale at $0.40 per share. (Proceeds of $2,125)
13-Nov-07	7,000	TGIC	Purchase at $7.44 - $7.49 per share. (Cost of about $52,000)
9-Nov-07	3,000	TGIC	Purchase at $6.98 - $6.98 per share. (Cost of about $21,000)
8-Nov-07	10,000	TGIC	Purchase at $6.42 - $6.68 per share. (Cost of about $66,000)
7-Nov-07	4,000	TGIC	Purchase at $6.33 - $6.4 per share. (Cost of about $25,000)