X0304 5 2011-12-31 0 0 0 0000002230 ADAMS EXPRESS CO ADX 0001267416 MCGAHRAN KATHLEEN T 7 ST. PAUL STREET, SUITE 1140 BALTIMORE MD 21202 1 0 0 0 Common Stock 2011-12-31 5 J 0 847 0 A 15501 D Of these shares, 645 shares were acquired in exempt transactions as a result of dividend reinvestment. An additional 34 shares accrued as dividend equivalents on 750 restricted stock units which vested on March 23, 2011. An additional 168 shares accrued as dividend equivalents on deferred stock units (shares received in lieu of director retainer fees). The Issuer's stock traded in a range of $8.63-11.70 during 2011. Kathleen T. McGahran 2012-01-20