Insider Trades - ROBERTS MICHAEL A F

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ROBERTS MICHAEL A F: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
HCC INSURANCE HLDGS Director NYSE:HCC (historical quotes, profile, SEC, other insiders)	4-Dec-08	17,830	Direct
Triad Guaranty Inc. Director NasdaqGS:TGIC (historical quotes, profile, SEC, other insiders)	21-Apr-08	3,002	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
4-Dec-08 52,500 HCC Option Exercise at $16.80 per share.
(Cost of $882,000)
4-Dec-08 40,500 HCC Sale at $23.59 per share.
(Proceeds of $955,395)
14-May-08 3,330 HCC Acquisition (Non Open Market) at $24.02 per share.
(Value of $79,986)
21-Apr-08 1,474 TGIC 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
4-Dec-08	52,500	HCC	Option Exercise at $16.80 per share. (Cost of $882,000)
4-Dec-08	40,500	HCC	Sale at $23.59 per share. (Proceeds of $955,395)
14-May-08	3,330	HCC	Acquisition (Non Open Market) at $24.02 per share. (Value of $79,986)
21-Apr-08	1,474	TGIC	Disposition (Non Open Market) at $0 per share.