X0202 4 2005-04-15 0 0000074260 OLD REPUBLIC INTERNATIONAL CORP ORI 0001305282 MUELLER KARL W 307 NORTH MICHIGAN AVENUE CHICAGO IL 60601 0 1 0 0 Sr. V.P. / CFO Employee Stock Option 23.01 2005-04-15 4 A 0 10000 0 A 2005-12-31 2014-12-31 Common Stock 10000 10000 D These shares vest, effective December 31, 2005, at the rate of 10% the first year, 15% the second year, 20% the third year, 25% the fourth year and 30% the fifth year. Optionees may also exercise vested options for Series G-3 Preferred Stock on March 1, June 1, September 1 and December 1 of each year. Each share of Series G-3 Preferred Stock is convertible after being held 6 months into .95 shares of Common Stock. Karl W. Mueller 2005-04-15