X0202 4 2005-08-14 0 0000720858 INVESTORS TITLE CO ITIC 0000939790 FINE J ALLEN 121 NORTH COLUMBIA ST INVESTORS TITLE CO CHAPEL HILL NC 97514 1 1 0 0 Chief Executive Officer 0001227272 FINE JAMES A JR 1 1 0 0 President, Treasurer 0001227274 FINE W MORRIS 1 1 0 0 Executive Vice President Common Stock 2005-08-14 2005-08-14 4 A 0 2000 13.06 A 194075 D Common Stock 2005-08-14 2005-08-14 4 A 0 2000 13.06 A 176048 D Common Stock 2005-08-14 2005-08-14 4 A 0 2000 13.06 A 176501 D Stock Option (right to buy) 13.06 2005-08-14 2005-08-14 4 M 0 2000 13.06 A 2005-08-14 2005-08-14 Common Stock 2000 0 D Total includes 151,099 shares held by a limited liability company of which Mr. J. Allen Fine is the manager and possesses sold voting and investment power with respect to such shares. Of these shares, 95,000 shares are held by a limited partnership of which Mr. James A. Fine, Jr. is a general partner and shares joint voting power over such shares with W. Morris Fine, such shares also being reflected in W. Morris Fine's beneficially owned shares and 1,961 shares held by family members. Of these shares, 95,000 shares are held by a limited partnership of which Mr. W. Morris Fine is a general partner and shares joint voting power over such shares with James A. Fine, Jr., such shares also being reflected in James A. Fine Jr.'s beneficially owned shares, and 4,052 shares held by family members. For J. Allen Fine, James A. Fine, Jr. and W. Morris Fine, the exercise of these 2,000 shares each at $13.06 represents the final exercise of this option which expired on 8/14/2005. L. Dawn Martin 2005-08-16