Ownership Submission
FORM 4
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CORCORAN JOHN FRANCIS
  2. Issuer Name and Ticker or Trading Symbol
CNA SURETY CORP [SUR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP & CFO
(Last)
(First)
(Middle)
6417 APACHE DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2011
(Street)

INDIAN HEAD PARK, IL 60525
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 06/10/2011   D   2,156 D (1) 0 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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
CNA Surety Common Stock Option $ 9.42 06/10/2011   D     12,100   (2) 11/11/2013 Common Stock 12,100 $ 17.13 0 D  
CNA Surety Common Stock Option $ 12.06 06/10/2011   D     6,700   (2) 11/09/2014 Common Stock 6,700 $ 14.49 0 D  
CNA Surety Common Stock Option $ 13.07 06/10/2011   D     6,000   (2) 10/25/2015 Common Stock 6,000 $ 13.48 0 D  
CNA Surety Common Stock Option $ 20.7 06/10/2011   D     4,300   (2) 02/13/2017 Common Stock 4,300 $ 5.85 0 D  
CNA Surety Common Stock Option $ 16.35 06/10/2011   D     5,500   (2) 02/08/2018 Common Stock 5,500 $ 10.2 0 D  
CNA Surety Common Stock Option $ 18.85 06/10/2011   D     4,400   (2) 02/06/2019 Common Stock 4,400 $ 7.7 0 D  
CNA Surety Common Stock Option $ 14.32 06/10/2011   D     6,000   (2) 02/05/2020 Common Stock 6,000 $ 12.23 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CORCORAN JOHN FRANCIS
6417 APACHE DRIVE
INDIAN HEAD PARK, IL 60525
      SVP & CFO  

Signatures

 /s/ Rosemary Quinn, Attorney-in-fact   06/14/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These restricted stock, which are vested in four equal installments on each of the first four anniversaries of the grant date, were canceled in the merger in exchange for a cash payment equal to $26.55, multiplied by the number of shares subject to the restricted stock.
(2) The options, which are vested and exercisable in four equal installments on each of the first four anniversaries of the grant date, were canceled in the merger in exchange for a cash payment equal to the difference between $26.55 and the exercise price of such options, multiplied by the number of shares subject to the options.

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