Insider Trades - REYNOLDS J. SCOTT

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REYNOLDS J. SCOTT: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
United America Indemnity, Ltd. Officer NasdaqGS:INDM (historical quotes, profile, other insiders)	1-Jan-10 31-Jul-08	119,628 96,831 216,459	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
1-Jan-10 2,677 INDM Disposition (Non Open Market) at $8.08 per share.
(Value of $21,630)
18-Aug-09 2,000 INDM Acquisition (Non Open Market) at $5.77 per share.
(Value of $11,540)
28-Jul-09 7,302 INDM Disposition (Non Open Market) at $5.89 per share.
(Value of $43,008)
5-May-09 10,000 INDM Option Exercise at $3.50 per share.
(Cost of $35,000)
11-Mar-09 20,776 INDM Acquisition (Non Open Market) at $10.83 per share.
(Value of $225,004)
31-Jul-08 *150 INDM Acquisition (Non Open Market) at $12.05 - $12.06 per share.
(Value of about $1,808)
28-Jul-08 3,169 INDM Disposition (Non Open Market) at $13.99 per share.
(Value of $44,334)
28-Jul-08 100,000 INDM Acquisition (Non Open Market) at $13.99 per share.
(Value of $1,399,000)

* 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
1-Jan-10	2,677	INDM	Disposition (Non Open Market) at $8.08 per share. (Value of $21,630)
18-Aug-09	2,000	INDM	Acquisition (Non Open Market) at $5.77 per share. (Value of $11,540)
28-Jul-09	7,302	INDM	Disposition (Non Open Market) at $5.89 per share. (Value of $43,008)
5-May-09	10,000	INDM	Option Exercise at $3.50 per share. (Cost of $35,000)
11-Mar-09	20,776	INDM	Acquisition (Non Open Market) at $10.83 per share. (Value of $225,004)
31-Jul-08	*150	INDM	Acquisition (Non Open Market) at $12.05 - $12.06 per share. (Value of about $1,808)
28-Jul-08	3,169	INDM	Disposition (Non Open Market) at $13.99 per share. (Value of $44,334)
28-Jul-08	100,000	INDM	Acquisition (Non Open Market) at $13.99 per share. (Value of $1,399,000)