X0202 4 2006-02-28 0 0001263813 UNITED AMERICA INDEMNITY, LTD INDM 0001244970 MORRIS JOSEPH F C/O UNITED NATIONAL INSURANCE COMPANY THREE BALA PLAZA EAST, SUITE 300 BALA CYNWYD PA 19004 0 1 0 0 President - Penn America Group Class A Common Shares 2006-02-28 4 S 0 6196 22.25 D 75538 D Class A Common Shares 2006-02-28 4 S 0 400 22.31 D 75138 D Class A Common Shares 2006-02-28 4 S 0 99 22.32 D 75039 D Class A Common Shares 2006-02-28 4 S 0 300 22.37 D 74739 D Class A Common Shares 2006-02-28 4 S 0 1000 22.40 D 73739 D Class A Common Shares 2006-02-28 4 S 0 100 22.41 D 73639 D Class A Common Shares 2006-02-28 4 S 0 100 22.44 D 73539 D Class A Common Shares 2006-02-28 4 S 0 400 22.46 D 73139 D Class A Common Shares 2006-02-28 4 S 0 300 22.47 D 72839 D Represents the sale of Class A common shares by Mr. Morris in order to pay the taxes incurred by Mr. Morris from a grant of shares to Mr. Morris on 2/15/06. /s/ Garland Pezzuolo Attorney-in-fact 2006-03-01