SEC FORM 4

SEC Form 4

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^*

BARATTA ROBERT O MD

(Last)

(First)

(Middle)

225 WATER STREET

SUITE 1400

(Street)

JACKSONVILLE

32202

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FPIC INSURANCE GROUP INC [ FPIC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/06/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	12/06/2006		M		9,111	A	$23.625	62,736	D
Common Stock⁽¹⁾	12/06/2006		M		4,090	A	$12.9	66,826	D
Common Stock⁽¹⁾	12/06/2006		M		5,000	A	$12.2	71,826	D
Common Stock	12/06/2006		S		8,200	D	$38.75	63,626	D
Common Stock	12/06/2006		S		1,000	D	$38.7522	62,626	D
Common Stock	12/06/2006		S		2,000	D	$38.754	60,626	D
Common Stock	12/06/2006		S		1,000	D	$38.756	59,626	D
Common Stock	12/06/2006		S		1	D	$38.76	59,625	D
Common Stock	12/06/2006		S		1,000	D	$38.7821	58,625	D
Common Stock	12/06/2006		S		1,000	D	$38.8056	57,625	D
Common Stock	12/06/2006		S		1,000	D	$38.83	56,625	D
Common Stock	12/06/2006		S		1,000	D	$38.831	55,625	D
Common Stock	12/06/2006		S		1,000	D	$38.8463	54,625	D
Common Stock	12/06/2006		S		1,000	D	$38.9002	53,625	D
Common Stock⁽¹⁾	12/07/2006		M		889	A	$23.625	54,514	D
Common Stock	12/07/2006		S		589	D	$38.83	53,925	D
Common Stock	12/07/2006		S		100	D	$38.85	53,825	D
Common Stock	12/07/2006		S		200	D	$38.87	53,625	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Director Stock Options (Director Stock Plan right to buy)	$23.625	12/06/2006		M			9,111	09/14/1998	09/14/2007	Common Stock	9,111	$23.625	889	D
Director Stock Options (Director Stock Plan right to buy)	$12.9	12/06/2006		M			4,090	06/06/2002⁽²⁾	06/06/2011	Common Stock	4,090	$12.9	0	D
Director Stock Options (Director Stock Plan right to buy)	$12.2	12/06/2006		M			5,000	06/04/2004⁽³⁾	06/04/2013	Common Stock	5,000	$12.2	0	D
Director Stock Options (Director Stock Plan right to buy)	$23.625	12/07/2006		M			889	09/14/1998	09/14/2007	Common Stock	889	$23.625	0	D

Explanation of Responses:

1. Issued pursuant to Director Stock Plan

2. One-third exercisable on 6/6/02, 6/6/03 and 6/6/04

3. One-third exercisable on 6/4/04, 6/4/05 and 6/4/06

Remarks:

	Pamela Deyo Harvey, Attorney-In-Fact	12/07/2006
	** 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.