UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
United America Indemnity-A
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
90933T109
(CUSIP Number)
03-31-10
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
The information required in the remainder of this cover page
shall not be deemed to be filed for the purpose of Section 18
of the Securities Exchange Act of 1934 (Act) or otherwise subject
to the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).
Schedule 13 G
Item 1 (a) United America Indemnity
(b) Walker House, 87 Mary Street
PO Box 9086GT
George Town, Grand Cayman, KY1-9002
Cayman Islands
Item 2 (a) Corbyn Investment Management, Inc., et al.
(b) Suite 108
2330 W. Joppa Road
Lutherville, Maryland 21093
(c) Incorporated in the State of Maryland
(d) Class A Common Stock
(e) 90933T109
Item 3(j) The filer is a group consisting of an Investment Adviser
registered under Section 203 of the Investment Advisers Act of 1940
and an Investment Company registered under Section 8 of the
Investment Company Act.
Item 4 N/A
Item 5 Reporting person has ceased to be the beneficial owner
of more than 5% of the class of securities
Item 6 N/A
Item 7 N/A
Item 8 (a) The group consists of an Investment Adviser
registered under Section 203 of the Investment Advisers Act of 1940
(IA) and an Investment Company registered under Section 8 of the
Investment Company Act (IV).
Item 9 N/A
Schedule 13 G
Item 1 (a) United America Indemnity
(b) Walker House, 87 Mary Street
PO Box 9086GT
George Town, Grand Cayman, KY1-9002
Cayman Islands
Item 2 (a) Corbyn Investment Management, Inc.
(b) Suite 108
2330 W. Joppa Road
Lutherville, Maryland 21093
(c) Incorporated in the State of Maryland
(d) Class A Common Stock
(e) 90933T109
Item 3 (e) An investment adviser in accordance with
240.13d-1(b)(1)(ii)(E);
Item 4 N/A
Item 5 Reporting person has ceased to be the beneficial owner
of more than 5% of the class of securities
Item 6 N/A
Item 7 N/A
Item 8 N/A
Item 9 N/A
Schedule 13 G
Item 1 (a) United America Indemnity
(b) Walker House, 87 Mary Street
PO Box 9086GT
George Town, Grand Cayman, KY1-9002
Cayman Islands
Item 2 (a) Greenspring Fund, Inc.
(b) Suite 110
2330 W. Joppa Road
Lutherville, Maryland 21093
(c) Incorporated in the State of Maryland
(d) Class A Common Stock
(e) 90933T109
Item 3 (d) Investment company registered under section 8
of the Investment Company Act of 1940 (15 U.S.C 80a-8).
Item 4 N/A
Item 5 Reporting person has ceased to be the beneficial owner
of more than 5% of the class of securities
Item 6 N/A
Item 7 N/A
Item 8 N/A
Item 9 N/A
Item 10 By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and
were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement
is true, complete and correct.
Signature Karla K. Moore, CCO
April 6, 2010
CUSIP No 90933T109 13G
1. Name of Reporting Person
IRS Identification No. of Above Person
Corbyn Investment Management, Inc. et al
n/a
2. Check The Appropriate Box If A Member Of A Group
(a) [x]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
Suite 108 2330 W. Joppa Rd.
Lutherville, MD 21093
Number Of 5.
Shares
Beneficially 6.
Owned By
Each 7.
Reporting
|
Person 8.
9. Aggregate Amount Beneficially Owned By Each Reporting Person
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
11. Percent Of Class Represented By Amount In Row 9
12. Type Of Reporting Person
00- Group Consisting of IA and IV
CUSIP No.90933T109 13G
1. Name of Reporting Person
IRS Identification No. of Above Person
Corbyn Investment Management, Inc.
52-0964322
2. Check The Appropriate Box If A Member Of A Group
(a) [x]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
Suite 108 2330 W. Joppa Rd.
Lutherville, MD 21093
Number Of 5.
Shares
Beneficially 6.
Owned By
Each 7.
Reporting
Person 8.
9. Aggregate Amount Beneficially Owned By Each Reporting Person
10. Check Box if the Aggregate Amount in Row (9) Excludes
|
Certain Shares [ ]
11. Percent Of Class Represented By Amount In Row 9
12. Type Of Reporting Person
IA
CUSIP No. 90933T109 13G
1. Name of Reporting Person
IRS Identification No. of Above Person
Greenspring Fund, Inc.
52-1267740
2. Check The Appropriate Box If A Member Of A Group
(a) [x]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
Suite 110 2330 W. Joppa Rd.
Lutherville, MD 21093
Number Of 5.
Shares
Beneficially 6.
Owned By
Each 7.
Reporting
Person 8.
9. Aggregate Amount Beneficially Owned By Each Reporting Person
10. Check Box if the Aggregate Amount in Row (9) Excludes
|
Certain Shares [ ]
11. Percent Of Class Represented By Amount In Row 9
12. Type Of Reporting Person
IV
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