FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Darwin Professional Underwriters Inc [ DR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/10/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 08/10/2007 | S | 9,300(1) | D | $22.0232(1) | 96,253 | D | |||
Common Stock | 08/13/2007 | S | 7,600(2) | D | $22.2327(2) | 88,653 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. On August 10, 2007, Mr. Asensio sold a total of 9,300 shares of common stock of Darwin Professional Underwriters, Inc. in a series consisting of eight individual transactions, as follows: 300 shares at $22.30 each; 100 shares at $22.20 each; 100 shares at 22.16 each; 200 shares at 22.12 each; 400 shares at 22.09; 400 shares at 22.06 each; 600 shares at 22.01 each; and 7,200 shares at 22.00 each. The weighted average price per share for the August 10th sales was $22.0232. |
2. On August 13, 2007, Mr. Asensio sold a total of 7,600 shares of common stock of Darwin Professional Underwriters, Inc. in a series consisting of seventeen individual transactions, as follows: 300 shares at $22.45; 200 shares at $22.37; 500 shares at $22.05; 2,100 shares at $22.15; 500 shares at $22.09; 200 shares at $22.13; 100 shares at $21.125; 700 shares at $22.10; 400 shares @ $22.07; 100 shares at $22.06; 500 shares @ $22.00; 100 shares @ $22.42; 700 shares at $22.43; 100 shares @ $22.69; 100 shares at $22.68; 698 shares at $22.54; and 302 shares at $22.58. The weighted average price per share for the August 23th sales was $22.2327. |
Remarks: |
Robert J. Asensio by Timothy J. Curry, attorney in fact | 08/14/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |