X0202 4 2006-04-20 0000009346 BALDWIN & LYONS INC BWINA / B 0001017632 OMARA JOHN M 12 SHERWOOD FARM LANE GREENWICH CT 06831 1 0 0 0 Class A Common 14062 D Class A Common 57375 I In trust for reporting person's wife and children Class A Common 13875 I Owned by reporting person's wife Class B Common 2006-04-20 4 M 0 7949 24.82 A 75057 D Right to buy (option) .80 2006-04-20 4 X 0 5976 24.82 D 1996-01-03 2013-01-03 Class B Common 5976 0 D Right to buy (option) 1.00 2006-04-20 4 X 0 1706 24.82 D 2004-04-02 2015-01-03 Class B Common 1706 0 D Right to buy (option) 1.00 2006-04-20 4 X 0 267 24.82 D 2006-04-03 2015-04-02 Class B Common 267 0 D Right to buy (option) 26.00 2005-05-04 2011-05-04 Class B Common 1500 1500 D Right to buy (option) 25.71 2006-05-03 2012-05-03 Class B Common 1500 1500 D Reporting person serves as trustee and has or shares investment power but expressly disclaims beneficial ownership. Reporting person disclaims beneficial ownership of these shares. Options become exercisable one year from the date of issuance and expire ten years and one day from the date of issuance. Exercise price for all options was $1.00 per share on the date of grant (subsequently adjusted for 5-for-4 stock split). For options previously reported on Forms 4 and 5, the expiration dates range from January 3, 2006 to January 3, 2013. The price paid for the options was equal to and in lieu of directors fees. Options become exercisable one year from the date of issuance and expire ten years and one day from the date of issuance. Exercise price for all options was $1.00 per share on the date of grant. For options previously reported on Forms 4 and 5, the expiration dates range from April 3, 2013 to January 3, 2015. The price paid for the options was equal to and in lieu of directors fees. John M. O'Mara by G. Patrick Corydon under power of attorney 2006-04-21