content: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                    ------------
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
  
                       Pursuant to Section 13 or 15(d) of the
                           Securities Exchange Act of 1934
  
  
                                   Date of Report:
  
  
                          Date of earliest event reported:
                                   March 19, 2002
  
  
                       American Physicians Service Group, Inc.
               (Exact name of registrant as specified in its charter)
  
  
       Texas                        0-11453                         75-1458323
    (State of               (Commission File Number)               IRS Employer
  Incorporation)                                                Identification No.
  
  
  
  1301 Capitol of Texas Highway
  Suite C-300
  Austin, Texas                                                   78746
  (Address of principal executive offices)                      (Zip Code)
  
  
  
                                   (512) 328-0888
                (Registrant's telephone number, including area code)
  
  
  
  
  <PAGE>
  
  
  
  Item 2.  ACQUISITION OR DISPOSITION OF ASSETS.
           ------------------------------------
  
           On March 19, 2002, pursuant to an unsolicited offer, American
  Physicians Service Group, Inc. (the "Company"),  sold 1,070,000 of its 1,843,803
  shares  of $0.01  par value  common  stock  ("Common  Stock")  of Prime  Medical
  Services,  Inc. ("Prime"),  which is an affiliate of the Company.  The trade was
  executed  through SWS Securities,  Inc. a registered  broker/dealer.  The shares
  were sold at $6.772  per share  with  gross  proceeds  to the  Company  totaling
  $7,246,500. The Company originally acquired the shares in 1989. The sale reduced
  the Company's  ownership in Prime from  approximately 12% to less than 5% of the
  total  outstanding  Common  Stock of Prime.  Proceeds  will be used for  general
  corporate purposes.
           On March 6, 2002 the Company reported an earlier disposition of shares
  of Prime Common Stock.  The Company did not then and currently does not have any
  specific plan to dispose of additional shares of its Prime Common Stock.
           Prime is a public company whose shares are traded on the NASDAQ
  exchange.
  
  
  
  <PAGE>
  
  
  
                                     SIGNATURES
  
           Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  
                                American Physicians Service Group, Inc.
  
  
  
  Date: April 2, 2002           By:  /s/ W.H. Hayes
                                  ----------------------------------------------
  
                                Name:    W.H. Hayes
                                  ----------------------------------------------
  
                                Title:   Sr VP - Finance
                                  ----------------------------------------------
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "april2.txt", "description": "SALE OF PMSI SHARES OF COMMON STOCK", "secsgml_size_bytes": 3067}]
metadata_filer: {"company-data": {"conformed-name": "AMERICAN PHYSICIANS SERVICE GROUP INC", "cik": "0000724024", "assigned-sic": "8741", "irs-number": "751458323", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11453", "film-number": "02599884"}, "business-address": {"street1": "1301 CAPITAL OF TEXAS HWY", "street2": "C-300", "city": "AUSTIN", "state": "TX", "zip": "78746", "phone": "5123280888"}, "mail-address": {"street1": "1301 CAPITAL OF TEXAS HIGHWAY", "city": "AUTIN", "state": "TX", "zip": "78746"}}
text: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                    ------------
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
                       Pursuant to Section 13 or 15(d) of the
                           Securities Exchange Act of 1934
  
                                   Date of Report:
  
                          Date of earliest event reported:
                                   March 19, 2002
  
                       American Physicians Service Group, Inc.
               (Exact name of registrant as specified in its charter)
  
       Texas                        0-11453                         75-1458323
    (State of               (Commission File Number)               IRS Employer
  Incorporation)                                                Identification No.
  
  1301 Capitol of Texas Highway
  Suite C-300
  Austin, Texas                                                   78746
  (Address of principal executive offices)                      (Zip Code)
  
                                   (512) 328-0888
                (Registrant's telephone number, including area code)
  Item 2.  ACQUISITION OR DISPOSITION OF ASSETS.
           ------------------------------------
  
           On March 19, 2002, pursuant to an unsolicited offer, American
  Physicians Service Group, Inc. (the "Company"),  sold 1,070,000 of its 1,843,803
  shares  of $0.01  par value  common  stock  ("Common  Stock")  of Prime  Medical
  Services,  Inc. ("Prime"),  which is an affiliate of the Company.  The trade was
  executed  through SWS Securities,  Inc. a registered  broker/dealer.  The shares
  were sold at $6.772  per share  with  gross  proceeds  to the  Company  totaling
  $7,246,500. The Company originally acquired the shares in 1989. The sale reduced
  the Company's  ownership in Prime from  approximately 12% to less than 5% of the
  total  outstanding  Common  Stock of Prime.  Proceeds  will be used for  general
  corporate purposes.
           On March 6, 2002 the Company reported an earlier disposition of shares
  of Prime Common Stock.  The Company did not then and currently does not have any
  specific plan to dispose of additional shares of its Prime Common Stock.
           Prime is a public company whose shares are traded on the NASDAQ
  exchange.
  SIGNATURES
  
           Pursuant to the requirements of the Securities Exchange Act of 1934,
  the registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
                                American Physicians Service Group, Inc.
  
  Date: April 2, 2002           By:  /s/ W.H. Hayes
                                  ----------------------------------------------
  
                                Name:    W.H. Hayes
                                  ----------------------------------------------
  
                                Title:   Sr VP - Finance
                                  ----------------------------------------------