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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
9346	Baldwin & Lyons Inc	BWINA / B	Fire, Marine & Casualty Insurance (6331)	350160330

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1017637	Norton Shapiro	1550 North State Parkway Chicago IL 60610		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class B Common Stock	Disposition	2011-05-20	1,900	$21.84	10,497	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	7,500	Direct
Class A Common Stock	755,009	Indirect	Various
Class B Common Stock	1,817,140	Indirect	Various

Footnotes

Owned by (a) Gelbart Fur Dressers (not Inc.), (178,500 shares of Class A and 714,000 shares of Class B) and Jay Ell Company (not Inc.), (41,250 shares of Class A and 165,000 shares of Class B) limited partnerships; (b) Diversified Enterprises (not Inc.), (178,125 shares of Class A and 559,500 shares of Class B) a general partnership; (c) Shapiro Family L.P. - Gift Share (353,250 shares of Class A and 360,875 shares of Class B); (d) The Lester and Edna Shapiro Foundation (17,765 shares of Class B) and (e) Emlin Cosmetics, Inc. (3,884 shares of Class A). Beneficial ownership is shared by the undersigned and other family members for all shares owned by these entities.