Insider Trading - Whitebox Advisors LLC - Portfolio Holdings (Majority Ownership)

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Sec Filings Insider Trading - Whitebox Advisors LLC - Portfolio Holdings (Majority Ownership)

"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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Insider Trading Transactions for Whitebox Advisors LLC

WHITEBOX ADVISORS LLC: Insider Trading and Stock Options

Common stock purchase or sale:

Transaction & Date	Reported Date	Company	Symbol	Insider Relationship	Shares Traded	Average Price	Total Amount	Shares Ownership	Filing
2005-08-31 Sale	2005-09-06 5:05 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Partners, L.P. (10% owner)	10,000	$9.75	$97,500	504 (Indirect)	View
2005-07-28 Sale	2005-08-01 5:22 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	4,600	$10.26	$47,196	504 (Indirect)	View
2005-07-28 Sale	2005-08-01 5:20 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. AJR Financial, LLC (10% owner)	15,400	$10.26	$158,004	504 (Indirect)	View
2005-07-27 Sale	2005-07-29 5:10 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	1,800	$10.36	$18,648	504 (Indirect)	View
2005-07-27 Sale	2005-07-29 5:08 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. AJR Financial, LLC (10% owner)	5,700	$10.36	$59,052	504 (Indirect)	View
2005-07-13 Sale	2005-07-27 7:34 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. AJR Financial, LLC (10% owner)	16,100	$9.75	$156,975	504 (Indirect)	View
2005-07-13 Sale	2005-07-27 7:32 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD Whitebox Diversified Convertible Arbitrage Advisors, LLC (10% owner)	19,000	$10.4	$197,665	504 (Indirect)	View
2005-07-06- -2005-07-07 Sale	2005-07-27 7:16 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	34,100	$2.412	$82,240	2,017 (Indirect)	View
2005-06-24- -2005-06-30 Sale	2005-07-27 7:13 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. AJR Financial, LLC (10% owner)	18,100	$2.421	$43,828	2,017 (Indirect)	View
2005-07-25 Sale	2005-07-27 6:57 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	1,100	$10.6	$11,660	504 (Indirect)	View
2005-07-25 Sale	2005-07-27 6:55 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. AJR Financial, LLC (10% owner)	2,900	$10.6	$30,740	504 (Indirect)	View
2005-07-14 Sale	2005-07-18 9:43 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD Whitebox Diversified Convertible Arbitrage Advisors, LLC (10% owner)	400	$9.88	$3,952	504 (Indirect)	View
2005-07-14 Sale	2005-07-18 9:42 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. AJR Financial, LLC (10% owner)	13,425	$9.88	$132,639	504 (Indirect)	View
2005-07-11- -2005-07-12 Sale	2005-07-13 9:36 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD Whitebox Convertible Arbitrage Advisors, LLC (10% owner)	2,900	$9.977	$28,933	504 (Indirect)	View
2005-07-11 Sale	2005-07-13 9:34 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. AJR Financial, LLC (10% owner)	9,300	$9.8	$91,140	504 (Indirect)	View
2005-06-22 Sale	2005-07-12 4:16 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	5,100	$2.44	$12,444	2,017 (Indirect)	View
2005-06-09- -2005-06-22 Sale	2005-07-12 4:12 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. (10% owner)	191,700	$2.442	$468,199	2,017 (Indirect)	View
2005-06-02- -2005-06-09 Sale	2005-07-12 4:08 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	151,300	$2.378	$359,839	2,017 (Indirect)	View
2005-05-24- -2005-06-02 Sale	2005-07-12 4:04 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC (10% owner)	142,300	$2.174	$309,381	2,017 (Indirect)	View
2005-06-23 Sale	2005-06-27 9:06 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	500	$2.44	$1,220	2,017 (Indirect)	View
2005-06-23 Sale	2005-06-27 9:04 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. AJR Financial, LLC (10% owner)	19,500	$2.44	$47,580	2,017 (Indirect)	View
2004-02-18- -2004-02-20 Purchase	2005-04-06 2:37 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	17,098	$1.79	$30,598	2,017 (Indirect)	View
2004-02-18- -2004-02-19 Sale	2005-04-06 2:37 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	26,200	$1.79	$46,898	1,918 (Indirect)	View
2003-12-30- -2004-01-29 Sale	2005-04-06 2:34 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	537,048	$1.755	$942,742	0 (Indirect)	View
2004-10-01- -2004-12-10 Sale	2005-01-31 5:42 pm	21ST CENTURY HOLDING CO	TCHC	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	25,486	$11.1	$282,906	904,558 (Indirect)	View
2004-10-01- -2004-12-10 Sale	2005-01-31 5:41 pm	21ST CENTURY HOLDING CO	TCHC	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	25,486	$11.1	$282,906	904,558 (Indirect)	View

Other transactions:

Transaction & Date	Reported Date	Company	Symbol	Insider Relationship	Shares Traded	Average Price	Total Amount	Shares Ownership	Filing
2004-02-02- -2004-02-12 Purchase	2005-04-06 2:37 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	189,601	$1.75	$331,802	11,119 (Indirect)	View
2004-01-28- -2004-01-30 Purchase	2005-04-06 2:34 pm	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	347,718	$1.75	$608,506	0 (Indirect)	View
2004-11-01 Other	2005-01-31 5:42 pm	21ST CENTURY HOLDING CO	TCHC	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	46,133	$10.12	$466,663	907,958 (Indirect)	View
2004-11-01 Other	2005-01-31 5:41 pm	21ST CENTURY HOLDING CO	TCHC	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	46,133	$10.12	$466,663	907,958 (Indirect)	View
2004-11-04 Exercise Purchase	2004-11-12 5:48 pm	GRANITE CITY FOOD & BREWERY LTD	GCFB	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP KOHLER GARY S REDLEAF ANDREW Whitebox Intermarket Advisors, LLC WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. (10% owner)	707,464	$2.742	$1,939,894	189,872 (Direct)	View

Stock options: Exercise, Award, Grant, Conversion

Transaction & Date	Reported Date	Exercisable Expiration	Company	Symbol	Insider Relationship	Shares Traded	Conversion Price	Shares Ownership	Filing
2005-08-03 Sale	2005-08-10 2:49 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. AJR Financial, LLC (10% owner)	50,000	$7	2,096,719 (Indirect)	View
2005-08-03 Sale	2005-08-10 2:49 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. AJR Financial, LLC (10% owner)	50,000	$7	2,089,577 (Indirect)	View
2005-08-03 Sale	2005-08-10 2:39 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Intermarket Advisors, LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	200,000	$7	2,125,289 (Indirect)	View
2005-08-03 Sale	2005-08-10 2:39 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Intermarket Advisors, LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. Pandora Select Advisors, LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD (10% owner)	150,000	$7	2,103,861 (Indirect)	View
2005-08-03 Sale	2005-08-10 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. (10% owner)	150,000	$7	2,175,288 (Indirect)	View
2005-08-03 Sale	2005-08-10 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. (10% owner)	150,000	$7	2,153,860 (Indirect)	View
2005-07-14 Sale	2005-08-09 4:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. (10% owner)	150,000	$7	2,218,144 (Indirect)	View
2005-07-14 Sale	2005-08-09 4:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. (10% owner)	150,000	$7	2,196,716 (Indirect)	View
2005-07-14 Sale	2005-07-18 9:42 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. AJR Financial, LLC (10% owner)	100,000	$7	2,239,572 (Indirect)	View
2005-06-07 Sale	2005-07-12 4:04 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC (10% owner)	0	$1.75	9,329,715 (Indirect)	View
2005-06-07 Sale	2005-07-12 4:04 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC (10% owner)	0	$1.75	9,244,001 (Indirect)	View
2005-06-07 Sale	2005-07-12 4:04 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC (10% owner)	0	$1.75	9,215,430 (Indirect)	View
2005-06-07 Sale	2005-07-12 4:04 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC (10% owner)	0	$1.75	9,101,145 (Indirect)	View
2005-06-07 Sale	2005-07-12 4:04 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC (10% owner)	0	$1.75	9,072,574 (Indirect)	View
2005-06-07 Sale	2005-07-12 4:04 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC (10% owner)	0	$1.75	9,015,432 (Indirect)	View
2004-11-24 Purchase	2005-04-06 2:44 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Pandora Select Partners, L.P. Pandora Select Fund, L.P. PANDORA SELECT FUND LTD Whitebox Intermarket Advisors, LLC Whitebox Hedged High Yield Advisors, LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Fund, L.P. (10% owner)	400,000	$1.75	9,421,448 (Indirect)	View
2004-07-27 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	100,000	$1.75	7,520,881 (Indirect)	View
2004-07-27 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	126,000	$1.75	7,592,881 (Indirect)	View
2004-09-10 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	500,000	$1.75	7,878,595 (Indirect)	View
2004-09-28 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	200,000	$1.75	7,992,880 (Indirect)	View
2004-11-05 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	600,000	$1.75	8,335,737 (Indirect)	View
2004-11-05 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	500,000	$1.75	8,621,451 (Indirect)	View
2004-11-05 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	200,000	$1.75	8,735,737 (Indirect)	View
2004-11-05 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	200,000	$1.75	8,850,022 (Indirect)	View
2004-11-24 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	400,000	$1.75	9,078,593 (Indirect)	View
2004-11-24 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	100,000	$1.75	9,135,735 (Indirect)	View
2004-11-24 Purchase	2005-04-06 2:41 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC WHITEBOX INTERMARKET PARTNERS LP WHITEBOX INTERMARKET FUND LP Whitebox Intermarket Fund, Ltd. AJR Financial, LLC Whitebox Diversified Convertible Arbitrage Advisors, LLC Whitebox Diversified Convertible Arbitrage Partners, L.P. Whitebox Diversified Convertible Arbitrage Fund, L.P. Whitebox Diversified Convertible Arbitrage Fund, Ltd. Pandora Select Advisors, LLC (10% owner)	100,000	$1.75	9,192,877 (Indirect)	View
2004-02-03 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	500,000	$1.75	6,349,917 (Indirect)	View
2004-02-03 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	100,000	$1.75	6,407,059 (Indirect)	View
2004-02-12 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	31,803	$1.75	6,388,886 (Indirect)	View
2004-03-05 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	100,000	$1.75	6,446,028 (Indirect)	View
2004-03-25 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	400,000	$1.75	6,674,599 (Indirect)	View
2004-03-26 Sale	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	500,000	$1.75	6,388,885 (Indirect)	View
2004-03-26 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	500,000	$1.75	6,674,599 (Indirect)	View
2004-03-26 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	100,000	$1.75	6,731,741 (Indirect)	View
2004-04-16 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	400,000	$1.75	6,960,312 (Indirect)	View
2004-04-16 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	100,000	$1.75	7,017,454 (Indirect)	View
2004-05-24 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	281,000	$1.75	7,178,025 (Indirect)	View
2004-06-09 Purchase	2005-04-06 2:37 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	500,000	$1.75	7,463,739 (Indirect)	View
2004-01-23 Purchase	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	300,000	$1.75	3,726,208 (Indirect)	View
2004-01-23 Purchase	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	3,000,000	$1.75	5,440,493 (Indirect)	View
2004-01-23 Purchase	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	200,000	$1.75	5,554,778 (Indirect)	View
2004-01-23 Purchase	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	500,000	$1.75	5,840,492 (Indirect)	View
2004-01-28 Purchase	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	50,000	$1.75	5,811,921 (Indirect)	View
2004-01-28 Purchase	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	5,301	$1.75	5,808,892 (Indirect)	View
2004-01-29 Purchase	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	400,000	$1.75	5,580,322 (Indirect)	View
2004-01-29 Sale	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	800,000	$1.75	5,123,180 (Indirect)	View
2004-01-29 Purchase	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P. Whitebox Hedged High Yield Fund, Ltd. Whitebox Intermarket Advisors, LLC (10% owner)	42,405	$1.75	5,098,949 (Indirect)	View
2004-01-29 Sale	2005-04-06 2:34 pm	N/A 2008-10-01	PENN TREATY AMERICAN CORP	PTA	WHITEBOX ADVISORS LLC Whitebox Convertible Arbitrage Advisors, LLC Whitebox Convertible Arbitrage Partners, L.P. Whitebox Convertible Arbitrage Fund, L.P. Whitebox Convertible Arbitrage Fund, Ltd. Whitebox Hedged High Yield Advisors, LLC Whitebox Hedged High Yield Partners, L.P. Whitebox Hedged High Yield Fund, L.P.