X0202 4 2006-11-15 0 0001304623 ACA Capital Holdings Inc ACA 0001097237 LIFE INVESTORS VARIABLE LIFE ACCOUNT A 4333 EDGEWOOD RD N E CEDAR RAPIDS IA 52499 0 0 0 1 See Remarks Below Common Stock 2006-11-15 4 C 0 120404.56 A 476839.60 D Common Stock 2006-11-15 4 C 0 263662.09 A 740501.69 D Series B Senior Convertible Preferred Stock 0 2006-11-15 4 C 0 20067.43 0 D Common Stock 120404.56 0 D Convertible Preferred Stock 0 2006-11-15 4 C 0 43.94 0 D Common Stock 263662.09 0 D The Series B Convertible Preferred Stock converted into the issuer's common stock on a 6-for-1 basis upon the closing of the initial public offering of the issuer's common stock and had no expiration date. The Convertible Preferred Stock converted into the issuer's common stock on a 6,000-for-1 basis and had no expiration date. The reporting person may be deemed a member of a Section 13(d) "group" pusuarnt to the issuer's stockholders agreement. This filing shall not be deemed an admission that any reporting person is, for purposes of Section 13(d) or Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, a member of a group or the beneficial owner of any securities in excess of the amount in which the reproting person has a pecuniary interest. /s/ Stacy Tyson, by Power of Attorney 2006-11-16