Donegal Mutual Insurance Co (dgicb)

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Ticker: dgicb

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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SPONTAK RALPH G

senior VP, Secretaray and CFO

1 sale — total 284,793 USD

Sale 19 Mar 2004

Value US$3,233,576.07 | Price 327.56 | Shares 65,788

Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value	Details
2004-03-22	2004-03-19	S Sale	SPONTAK RALPH G senior VP, Secretaray and CFO Officer	65,788 +45.2% 327.56 US$3,233,576	65,788 +45.2%	327.56	US$3,233,576

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