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EXHIBIT 4.4  


NAV  



	 
	 	 
	 	 

	
COMMON STOCK	
 	
The Navigators Group, Inc.
 INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE	
 	
SEE REVERSE FOR

CERTAIN DEFINITIONS
	

THIS CERTIFIES that	
 	

 	
 	
CUZIP 638904 10 2
	

 	
 	
[SPECIMEN]	
 	

 
	
is the owner of	
 	

 	
 	

 
	
FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $.10 EACH OF THE COMMON STOCK OF
	

 	
 	
THE NAVIGATORS GROUP INC.	
 	

 
	
transferable only on the books of the Corporation in person or by fully authorized attorney upon surrender of this Certificate properly endorsed.
	        This Certificate and the shares represented hereby are issued and shall be held subject to all of the provisions of the Certificate of Incorporation of the
Corporation and all amendments thereto, to all of which the holder of this Certificate of acceptance hereof assents.
	        This Certificate is not valid until countersigned and registered by the Transfer Agent and Registrar.
	        WITNESS the seal of the Corporation and the facsimile signatures of its duly authorized officers.





	 
	 	 
	 	 

	Dated	 	 	 	 
	

            /s/ BRADLEY D. WILEY
            Secretary	
 	

/s/ STANLEY A. GALANSKI
 President	
 	

 
	

 	
 	

/s/ TERENCE N. DEEKS
 Chairman	
 	

 
	

[SEAL OF THE NAVIGATORS GROUP, INC]
	
COUNTERSIGNED AND REGISTERED:	
 	

 
	LASALLE BANK NATIONAL ASSOCIATION	 	 
	Transfer Agent and Registrar	 	 
	Authorized Signature	 	 








  



 
 

THE NAVIGATORS GROUP, INC.    
    


THE
CORPORTATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF
STOCK OR SERIES THEREOF OF THE CORPORATION, AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS, WHICH ARE SET FORTH IN FULL IN THE CERTIFICATE OF INCORPORATION, AS
AMENDED. 


        The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or
regulations: 



	

TEN COM	

—	

as tenants in common	
 	

UNIF GIFT MIN ACT—	
 	

_____ Custodian _____
	TEN ENT	—	as tenants by the entireties	 	 	 	(cust)	 	(Minor)
	JT TEN	—	as joint tenants with right	 	 	 	under Uniform Gifts to Minors
	 	 	of survivorship and not	 	 	 	Act _____________________
	 	 	as tenants in common	 	 	 	(State)







Additional abbreviations may also be used though not in the above list 



	For value received ________ hereby sell, assign and transfer unto
	
PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE	
 	

 
	
	 	 
	


	
 	

 







[PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE]  







_____________________________________________________________________________________________
shares of the
capital stock represented by the within Certificate and do hereby irrevocably constitute and appoint  



 ___________________________________________________________________________ Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the
premises.  


 Dated ______________________  



	 	 	

	NOTICE:	 	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.





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THE NAVIGATORS GROUP, INC.