Stock Trading History of Whitebox Diversified Convertible Arbitrage Fund, L

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 Whitebox Diversified Convertible Arbitrage Fund, L since year 2005. The trader's CIK number is 1317594. At the time of this reporting, Whitebox Diversified Convertible Arbitrage Fund, L is the 10% Owner of Penn Treaty American Corp (stock ticker symbol PTA).

Stock purchases, sales, and option exercises reported by *Whitebox Diversified Convertible Arbitrage Fund, L* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2005-06-22	PTA	Penn Treaty American Corp	Sale	191,700	2.44	467,939

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 Whitebox Diversified Convertible Arbitrage Fund, L (10% Owner of Penn Treaty American Corp at the time of this reporting) see the Securities and Exchange Commission (SEC) website.