Stock Trading History of Freund Frank H

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Freund Frank H since year 2005. The trader's CIK number is 1210360. At the time of this reporting, Freund Frank H is the Chief Financial Officer of American Physicians Capital Inc (stock ticker symbol ACAP).

Stock purchases, sales, and option exercises reported by *Freund Frank H* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-10-31	ACAP	American Physicians Capital Inc	Sale	8,254	65.82	543,248
2007-10-30	ACAP	American Physicians Capital Inc	Sale	11,746	43.92	515,938
2007-10-29	ACAP	American Physicians Capital Inc	Option Exercise	62,500	11.32	707,187
2006-12-04	ACAP	American Physicians Capital Inc	Sale	2,200	39.57	87,059
2006-11-30	ACAP	American Physicians Capital Inc	Option Exercise	26,250	9.00	236,250
2006-12-01	ACAP	American Physicians Capital Inc	Sale	6,800	39.80	270,659

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Freund Frank H (Chief Financial Officer of American Physicians Capital Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.