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ARCADIA INVESTMENT MANAGEMENT CORP
> ACAP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2010 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 11,000 | -2,000 | 456,000 | 55,000 | $41.45 |
| 06/30/2010 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 13,000 | 0 | 401,000 | -14,000 | $30.85 |
| 03/31/2010 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 13,000 | 0 | 415,000 | 21,000 | $31.92 |
| 12/31/2009 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 13,000 | 0 | 394,000 | 19,000 | $30.31 |
| 09/30/2009 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 13,000 | 3,250 | 375,000 | -7,000 | $28.85 |
| 06/30/2009 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 0 | 382,000 | -17,000 | $39.18 |
| 03/31/2009 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 0 | 399,000 | -70,000 | $40.92 |
| 12/31/2008 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 9,750 | 469,000 | 469,000 | $48.10 |
| 09/30/2008 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 0 | 413,000 | -59,000 | $42.36 |
| 06/30/2008 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 0 | 472,000 | 20,000 | $48.41 |
| 03/31/2008 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 0 | 452,000 | 48,000 | $46.36 |
| 12/31/2007 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 0 | 404,000 | 24,000 | $41.44 |
| 09/30/2007 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 0 | 380,000 | -15,000 | $38.97 |
| 06/30/2007 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 0 | 395,000 | 4,000 | $40.51 |
| 03/31/2007 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 0 | 391,000 | 1,000 | $40.10 |
| 12/31/2006 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 9,750 | 9,750 | 390,000 | 390,000 | $40.00 |
| 09/30/2006 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 6,500 | 0 | 314,000 | -28,000 | $48.31 |
| 06/30/2006 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 6,500 | 0 | 342,000 | 30,000 | $52.62 |
| 03/31/2006 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 6,500 | 0 | 312,000 | 14,000 | $48.00 |
| 12/31/2005 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 6,500 | 0 | 298,000 | -21,000 | $45.85 |
| 09/30/2005 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 6,500 | 0 | 319,000 | 78,000 | $49.08 |
| 06/30/2005 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 6,500 | 0 | 241,000 | 18,000 | $37.08 |
| 03/31/2005 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 6,500 | 0 | 223,000 | -11,000 | $34.31 |
| 12/31/2004 | AMERICAN PHYSICIANS CAPITAL INC | ACAP | 6,500 | 6,500 | 234,000 | 234,000 | $36.00 |
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