Sismondo Peter R – ‘4’ for 8/1/02 re: Alleghany Corp./DE

On:  Monday, 9/9/02, at 9:20am ET   ·   For:  8/1/02   ·   Accession #:  775368-2-30   ·   File #:  1-09371

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Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Form 4 - August 1, 2002                                2±    12K 


UNITED STATES SECURITIES AND EXCHANGE COMMISSION                                
WASHINGTON, D.C. 20549                                                          
FORM 4                                                                          
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP                                    
( ) Check this box if no longer subject to Section 16.                          
Form 4 or Form 5 obligations may continue. See Instructions 1(b).               
1. Name and Address of Reporting Person                                         
Sismondo, Peter R.                                                        
Alleghany Corporation                                                     
375 Park Avenue                                                           
New York, NY  10152                                                       
USA                                                                       
2. Issuer Name and Ticker or Trading Symbol                                     
Alleghany Corporation                                                     
Y                                                                         
3. IRS or Social Security Number of Reporting Person (Voluntary)                

4. Statement for Month/Year                                                     
August 1, 2002                                                            
5. If Amendment, Date of Original (Month/Year)                                  

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)         
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other       
(specify below)                                                           
Vice President, Controller, Treasurer and Assistant Secretary             
7. Individual or Joint/Group Filing (Check Applicable Line)                     
(X) Form filed by One Reporting Person                                    
( ) Form filed by More than One Reporting Person                          

                                                        [Enlarge/Download Table]

___________________________________________________________________________________________________________________________________ 
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
Common Stock               |3/19/0|A(1)|V|1,620             |A  |$189.03    |                   |      |                           |
                           |2     |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
                           |3/19/0|D(1)|V|809               |D  |$189.03    |                   |      |                           |
                           |2     |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
                           |3/19/0|G(2)|V|678               |D  |           |                   |      |                           |
                           |2     |(3) | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
                           |8/7/02|P   | |94                |A  |$185.12    |5,225(4)           |D     |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
                           |3/19/0|G(2)|V|476               |A  |           |                   |      |                           |
                           |2     |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
                           |8/7/02|P   | |94                |A  |$185.12    |3,868(4)           |I     |by wife                    |
-----------------------------------------------------------------------------------------------------------------------------------|
                           |3/19/0|G(3)|V|149               |A  |           |                   |      |                           |
                           |2     |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
                           |8/7/02|S   | |188               |D  |$185.12    |628(4)             |I     |by children                |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|

___________________________________________________________________________________________________________________________________ 
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|

Explanation of Responses:                                                       
(1) Settlement of 1,620 performance shares for 811 shares of Common Stock and   
$152,921.22.                                                                    
(2) Includes gift to wife sharing the household of the                          
undersigned.                                                                    
(3) Includes gift to children sharing the household of the                      
undersigned.                                                                    
(4) Includes shares of Common Stock paid by Alleghany Corporation as a stock    
dividend in April 2002.                                                         
SIGNATURE OF REPORTING PERSON                                                   
/s/ Peter R. Sismondo                                                           
DATE                                                                            
September 9, 2002                                                               

Dates Referenced Herein

This ‘4’ Filing		Date		Other Filings
Filed on:		9/9/02		None on these Dates
For Period end:		8/1/02
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