NYMAGIC INC
5, 2000-02-11
SURETY INSURANCE
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FORM 5
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/ / Check box if no               U.S. SECURITIES AND EXCHANGE COMMISSION
    longer subject to                       WASHINGTON, DC 20549
    Section 16. Form
    4 or Form 5             ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
    obligations may
    continue. See            Filed pursuant to Section 16(a) of the Securities
    Instruction 1(b)                         Exchange Act of 1934,
/ / Form 3 Holdings                  Section 17(a) of the Public Utility
    Reported                 Holding Company Act of 1935 or Section 30(f) of
/ / Form 4                              the Investment Company Act
    Transactions                                   of 1940
    Reported

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<S>                             <C>            <C>                        <C>                <C>          <C>            <C>
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 1. Name and Address of Reporting Person*      2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person to
Blackman          Mark                W.          NYMAGIC, Inc. (NYM)                           Issuer (Check all applicable)
- ---------------------------------------------------------------------------------------------       Director         10% Owner
  (Last)          (First)          (Middle)    3. IRS or Social Security  4.Statement for        X                 X
                                                  Number of Reporting        Month/Year         ----              ---
330 Madison Avenue                                Person (Voluntary)           1999                 Officer (give    Other (Specify
- -------------------------------------------       ###-##-####             -------------------   ----        title ---       below)
                 (Street)                      5. If Amendment,                                             below)
                                                  Date of Original
New York,          NY          10017-5001         (Month/Year)                               7. Individual of Joint/Group Filing
- -------------------------------------------                                                      (Check Applicable Line)
(City)           (State)           (ZIP)         -------------------
                                                                                              X Form Filed by One Reporting Person
                                                                                             --
                                                                                                Form Filed by more than 1 Reporting
                                                                                             -- Person
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                         TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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 1. Title of Security           2. Trans-   3. Transac-  4. Securities Acquired (A)  5.  Amount of Se-    6. Owner-      7. Nature
    (Instr. 3)                     action      tion         or Disposed of (D)           curities Benefi-    ship           of In-
                                   Date        Code         (Instr. 3, 4 and 5)          cially Owned at     Form:          direct
                                               (Instr. 8)                                End of Issuer's     Direct         Benefi-
                                  (Month/                                                Fiscal Year         (D) or         cial
                                   Day/                 ----------------------------     (Instr. 3 and 4)    Indirect       Owner-
                                   Year)                Amount    (A) or      Price                          (I)            ship
                                                                  (D)                                        (Instr. 4)     (Instr.
                                                                                                                            4)
    Common Stock                  11/30/99      G4      10,000     D          14.375           55,000            I         By Trust
                                                                                                                             FBO*
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    Common Stock                  11/30/99      G4      10,000     D          14.375           55,000            I         By Trust
                                                                                                                             FBO**
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    Common Stock                                                                               60,000            I         By Spouse
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    Common Stock                                                                            1,793,378            D         By Self
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                                                                                                              *Alexandra Blackman
                                                                                                             **Ian Blackman

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*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).

</TABLE>
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<TABLE>
<CAPTION>

FORM 5 (CONTINUED)        TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                  (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

<S>                       <C>          <C>        <C>         <C>              <C>             <C>                   <C>
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1. Title of Derivative    2. Conver-   3. Trans-  4. Trans-   5. Number of     6. Date Exer-   7. Title and Amount   8. Price
   Security                  sion or      action     action      Derivative       cisable and     of Underlying         of
   (Instr. 3)                Exercise     Date       Code        Securities Ac-   Expiration      Securities            Deriv-
                             Price of     (Month/    (Instr. 8)  quired (A) or    Date            (Instr. 3 and 4)      ative
                             Deriv-       Day/                   Disposed of (D)  (Month/Day/                           Secur-
                             ative        Year)                  (Instr. 3, 4,    Year)                                 ity
                             Security                            and 5)                                                 (Instr. 5)
                                                                               -----------------------------------
                                                                               Date    Expira-            Amount or
                                                               --------------- Exer-   tion       Title   Number of
                                                                (A)     (D)    cisable Date               Shares
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<S>                          <C>                    <C>                         <C>
1. Title of Derivative       9. Number of           10. Ownership               11. Nature of
   Security                     Derivative              of Derivative               Indirect
   (Instr. 3)                   Securities              Security:                   Beneficial
                                Beneficially            Direct (D)                  Ownership
                                Owned at End            or Indirect (I)             (Instr. 4)
                                of Year                 (Instr. 4)
                                (Instr. 4)

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Explanation of Responses:

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.      /s/  Mark W. Blackman       2/06/00
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                                ------------------------------- -------
                                                                                           **Signature of Reporting Person   Date
Note. File three copies of this Form, one of which must be manually signed.
      If space provided is insufficient, see Instruction 6 for procedure.

Potential person who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.

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