STEWART INFORMATION SERVICES CORP — Director's Dealing 2006

Feb 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEWART INFORMATION SERVICES CORP (STC)
CIK: 0000094344
Period of Report: 2006-02-21

Reporting Person: MORRIS MALCOLM S (Director, Chairman & Co-CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-21	Common Stock, $1.00 par value	M	25000	$20.01	Acquired	25844	Direct
2006-02-21	Common Stock, $1.00 par value	S	5000	$47.02	Disposed	20844	Direct
2006-02-21	Common Stock, $1.00 par value	S	5000	$47.09	Disposed	15844	Direct
2006-02-21	Common Stock, $1.00 par value	S	5000	$47.02	Disposed	10844	Direct
2006-02-22	Common Stock, $1.00 par value	S	5000	$47.30	Disposed	5844	Direct
2006-02-22	Common Stock, $1.00 par value	S	5000	$47.49	Disposed	844	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-21	Employee Stock Options	$20.01	M	25000	Disposed	2011-01-31	Common Stock (25000)	Direct