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Walthausen & Co., LLC
> ACAP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2010 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 93,346 | 31,945 | 2,880,000 | 918,000 | $30.85 |
| 03/31/2010 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 61,401 | 24,470 | 1,962,000 | 842,000 | $31.95 |
| 12/31/2009 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 36,931 | 36,931 | 1,120,000 | 1,120,000 | $30.33 |
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