X0303 4 2010-11-23 1 0000847431 NYMAGIC INC NYM 0001192837 TRUMBULL GEORGE REA III C/O NYMAGIC INC 919 THIRD AVENUE, 10TH FLOOR NEW YORK NY 10022 1 0 0 0 Common Stock 2010-11-23 4 D 0 80100 25.75 D 0 D Common Stock -Deferred Share Units 2010-11-23 4 D 0 6395 25.75 D 0 D Common Stock-Restricted Share Units 2010-11-23 4 D 0 1000 25.75 D 0 D stock option 15 2010-11-23 4 D 0 10000 15 D 2010-05-21 2011-05-21 common stock 10000 0 D Stock Option 21.94 2010-11-23 4 D 0 10000 21.94 D common stock 10000 0 D Disposed of pursuant to the Agreement and Plan of Merger by and among ProSight Specialty Insurance Holdings, Inc. ("ProSight"),PSI Merger Sub Inc. ("MergerSub") and NYMAGIC,INC> ("the Company"), dated as of July 15, 2010, Which Provided for a merger in which the Company would become a wholly-owned sudsidiary of ProSight and Would cease to be an independent publicly-traded company (th "Merger"). The merger became effective on November 23, 2010 at the effective time of the Merger, each outstanding share of the companies common stock ( other than shares owned by the Company, its subsidiaries, ProSight or Merger Sub)convereted into the right to receive $25.75 in cash, without interest and less any applicable withholding taxes. (the"Merger Consideration"). As of the effective time of the Merger,eacfh restricted stock unit, whether vested or unvested ("Company RSU"), each deferred stock unit (Company DSU"), and each performance stock unit for which the performance target have been achieved ("Company PSU") were cancelled and converted into thev right to receive an amount of cash, equal to (A) the number of shares of Company common stock issuable upon conversion of such Company RSU, Company DSU or Company PSU multiplied by the Merger Consideration, plus (B) any interest and the value of any dividend rights credited with respect to any such Company RSU, Company DSU or Company PSU minus (C) any required withholding taxes. These options which became exercisable as to 5,000 on May 21, 2010 and as to 5,000 on November 23, 2010 were cancelled, terminated and converted into the right to receive a cash amount equal to the Option Consideration for each share of common stock of the Company (Company Share") the Subject To the right to acquire Company shares (the company Option) Option consideration Means, with respect to any Company share subject to a particular Company Option, An amount equal to the excessw, if any of (i) the Merger Consideration over (ii) the exersice price payable in respect of such company option and any required withholding taxes Paul J. Hart, Attorney-In-Fact 2010-11-24