X0305 4 2012-05-15 0001267201 SeaBright Holdings, Inc. SBX 0001345478 Press Clifford C/O SEABRIGHT HOLDINGS, INC. 1501 4TH AVENUE, SUITE 2600 SEATTLE WA 98101 1 Common Stock 2012-05-15 4 A 0 15846 0 A 15846 D Common Stock 111900 I By Oliver Press Investors, LLC Common Stock 17400 I By Clifford Press SEP/IRA Stock Option (right to buy) 8.52 2012-05-15 4 A 0 6873 0 A 2022-05-15 Common Stock 6873 6873 D 111,900 shares of common stock, par value $0.01 per share (the "Common Stock"), of SeaBright Holdings, Inc., are owned by Oliver Press Investors, LLC. Augustus K. Oliver and Clifford Press, as the Managing Members of Oliver Press Investors, LLC, share the power to vote and to dispose of all of such shares held by Oliver Press Investors, LLC. The reporting person's interest in the securities reported herein is limited to the extent of his pecuniary interest in such securities, if any. 17,400 shares of Common Stock are owned by Clifford Press SEP/IRA. Clifford Press has the sole power to vote and dispose of all of such shares held by Clifford Press SEP/IRA. 1,719 of the options vest on May 15, 2013. The remaining options vest ratably over the 36 monhts following May 15, 2013. /s/ Phil Romney, under power of attorney 2012-05-16