X0303 4 2010-02-17 0000859139 DELPHI FINANCIAL GROUP INC/DE DFG 0001251675 COULTER CHAD C/O RELIANCE STANDARD LIFE INSURANCE CO. 2001 MARKET STREET, SUITE 1500 PHILADELPHIA PA 19103 0 1 0 0 Senior VP, Secy & Gen Counsel Restricted Class A Common Stock Share Units 2010-02-17 4 A 0 11770 A Class A Common Stock 11770 11770 D 1-for-1. Under the terms of the restricted share units, the reporting person has the right to receive the underlying shares of Class A Common Stock in three substantially equal annual installments beginning on February 11, 2013. Such right may be accelerated if the reporting person's employment is terminated by reason of death, disability or his resignation for good reason or termination by the issuer without cause, or if a change of ownership with respect to the issuer occurs; however, such right will be forfeited if such employment is terminated by the issuer for cause or, except as to any shares which he has become entitled to a receive as described in the preceding sentence or due to one of such acceleration events, by him without good reason. Not applicable. Chad W. Coulter 2010-02-19