- Amended Statement of Changes in Beneficial Ownership (4/A)

FORM 4 [ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * ANGIOLILLO GLENN	2. Issuer Name and Ticker or Trading Symbol NYMAGIC INC [ NYM ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director                      _____ 10% Owner _____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle) C/O NYMAGIC INC, 919 THIRD AVENUE, 10TH FLOOR	3. Date of Earliest Transaction (MM/DD/YYYY) 11/23/2010
(Street) NEW YORK, NY 10022 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY) 11/24/2010	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/23/2010		D (1)		6000	D	$25.75	0	D
Common Stock - Deferred Share Units	11/23/2010		D (2)		11164	D	$25.75	0	D
Common Stock - Restricted Share Units	11/23/2010		D (2)		3000	D	$25.75	0	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$14.47	11/23/2010		D   (3)			10000	9/18/2006	9/18/2012	Common Stock	10000	$14.47	0	D

Explanation of Responses:
( 1)	Disposed of pursuant to the Agreement and Plan of Merger by and among ProSight Specialty Insurance Holdings, Inc.("ProSight"), PSI Merger Sub Inc. ("Merger Sub") and NYMAGIC, INC. (the "Company"), dated as of July 15, 2010, which provided for a merger in which the Company would become wholly-owned subsidiary of ProSight and would cease to be an independent publiclt-traded company (the "Merger"). The Merger became effective on November 23, 2010. At the effective time of the Merger, each outstanding share of the Company's common stock (other than shares owned by the company, its subsidiaries, ProSight or Merger Sub) converted into the right to receive $25.75 in Cash, without interest and less any applicable withholding taxes (the "Merger Consideration")
( 2)	As of the effective time of the Merger, each resticted stock unit, whether vested or unvested ("Company RSU"), each deferred stock unit (Company DSU"), and each performance stock unit for which the performance target have been achieved ("Company" PSU") were cancelled and converted into the right to receive an amount of cash, equal to (A) the number of shares of Company common stock issuable upon conversion of such Company RSU, Company DSU or Company PSU multiplied by the Merger Consideration, plus (B) Any interest and the value of any dividend rights credited with respect to any such Company RSU,Company DSU or Company PSU minus(C) any required withholding taxes.
( 3)	These options, which provided for vesting in four equal installments beginning on September 18, 2003, were cancelled , terminated and converted into the right to receive a cash amount equal to the Option Consideration for each share of common stock of the company ("Compant Share") then Subject to the right to acquire Company Shares (the" Company Option") "Option Consideration" means, with respect to any Company Share subject to a particular Company Option, an amount equal to the excess, if any, of (i) the Merger Consideration over (ii) the exercise price payable in respect to such Company Option and any required withholding taxes.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ANGIOLILLO GLENN C/O NYMAGIC INC 919 THIRD AVENUE, 10TH FLOOR NEW YORK, NY 10022	X

Signatures
Paul J. Hart Attorney- In-Fact		11/29/2010
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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