Insider Trades - FLOOD ANNETTE E

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FLOOD ANNETTE E: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
American Physicians Capital, In Officer NasdaqGS:ACAP (historical quotes, profile, SEC, other insiders)	2-Jan-09	14,063	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
2-Jan-09 15,000 ACAP Option Exercise at $13.63 per share.
(Cost of $204,450)
2-Jan-09 6,281 ACAP Sale at $46.77 per share.
(Proceeds of $293,762)
2-Jan-09 8,719 ACAP Disposition (Non Open Market) at $48.10 per share.
(Value of $419,383)
19-Sep-08 150 ACAP Disposition (Non Open Market) at $0 per share.

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
2-Jan-09	15,000	ACAP	Option Exercise at $13.63 per share. (Cost of $204,450)
2-Jan-09	6,281	ACAP	Sale at $46.77 per share. (Proceeds of $293,762)
2-Jan-09	8,719	ACAP	Disposition (Non Open Market) at $48.10 per share. (Value of $419,383)
19-Sep-08	150	ACAP	Disposition (Non Open Market) at $0 per share.