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Filing Details

Accession Number:: 0001127602-10-003410
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-02-03 12:00:00
Reporting Period:: 2010-02-02

Filing Date:: 2010-02-03
Accepted Time:: 2010-02-03 19:11:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
36047	First American Corp	FAF	Title Insurance (6361)	951068610

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1017357	S Parker Kennedy	1 First American Way Santa Ana CA 92707	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-02-02	40,000	$13.13	102,124	No	4	M	Direct
Common Stock	Disposition	2010-02-02	40,000	$30.30	62,124	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2010-02-02	40,000	$0.00	40,000	$13.13

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2001-02-24	2010-02-24	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	11,874	Indirect	By 401(k) Plan Trust
Common Stock	464,531	Indirect	By Limited Partnership
Common Stock	55,866	Indirect	By Spouse Via Limited Partnership

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Option (Right to Buy)	$30.80	2001-12-14	2010-12-14	40,000	40,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$19.20	2002-12-13	2011-12-13	40,000	40,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$22.85	2004-02-27	2013-02-27	80,000	80,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$30.56	2005-02-26	2014-02-26	80,000	80,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$36.55	2006-02-28	2015-02-28	80,000	80,000	Direct
Common Stock	Employee Stock Option (Right to Buy)	$47.49	2006-12-08	2015-12-08	80,000	80,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2010-12-14	40,000	40,000	Direct
2011-12-13	40,000	40,000	Direct
2013-02-27	80,000	80,000	Direct
2014-02-26	80,000	80,000	Direct
2015-02-28	80,000	80,000	Direct
2015-12-08	80,000	80,000	Direct

Footnotes

The cashless option exercise reported on this Form 4 was executed pursuant to the reporting person's 10b5-1 trading plan described in the issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 10, 2007. The trading plan provides that each option held by the reporting person that is in-the-money after commissions will be exercised automatically on a cashless basis between and including the fifteenth and the first trading day preceding expiration. The options that are the subject of this Form 4 would have expired on February 24, 2010.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.97 to $30.50, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Includes 29,697 unvested restricted stock units (including shares acquired through automatic dividend reinvestment) acquired pursuant to a grant of 45,373 restricted stock units vesting in five equal annual increments commencing 3/5/08, the first anniversary of the grant.
Amount shown consists of shares contributed by issuer as company match, shares purchased for my account and shares acquired through automatic reinvestment of dividends paid as reported in most recent account statement in transactions exempt under rules 16a-3(f)(1)(i)(B) and 16b-3(c).
The option vests in five equal annual increments commencing 2/24/01, the first anniversary of the grant.
The option vests in five equal annual increments commencing 12/14/01, the first anniversary of the grant.
The option vests in five equal annual increments commencing 12/13/02, the first anniversary of the grant.
The option vests in five equal annual increments commencing 2/27/04, the first anniversary of the grant.
The option vests in five equal annual increments commencing 2/26/05, the first anniversary of the grant.
The option vests in five equal annual increments commencing 2/28/06, the first anniversary of the grant.
The option vests in five equal annual increments commencing 12/8/06, the first anniversary of the grant.