Filing Details
- Accession Number:
- 0001194794-10-000017
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-03-01 12:00:00
- Reporting Period:
- 2010-02-26
- Filing Date:
- 2010-03-01
- Accepted Time:
- 2010-03-01 19:37:55
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1127703 | Proassurance Corp | [PRA] | Fire, Marine & Casualty Insurance (6331) | 631261433 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1347604 | Patton Jeffrey Lisenby | C/O Proassurance Corporation 100 Brookwood Place Birmingham AL 35209-6811 | Senior Vice-President | No | Yes | No | Yes |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2010-03-01 | 111 | $53.95 | 6,402 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2010-02-26 | 1,350 | $53.32 | 6,291 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2010-02-26 | 750 | $53.32 | 4,941 | No | 4 | A | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2010-02-26 | 1,040 | $0.00 | 1,040 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,040 | No | 4 | A | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | $0.00 | 1,040 | 1,040 | Direct | ||
| Common Stock | Employee Stock Option (Right to Buy) | $54.28 | 2008-09-01 | 2018-09-01 | 6,250 | 6,250 | Direct |
| Common Stock | Employee Stock Option (Right to Buy) | $51.48 | 2007-09-10 | 2017-09-10 | 1,000 | 1,000 | Direct |
| Common Stock | Employee Stock Option (Right to Buy) | $41.15 | 2005-09-10 | 2015-09-10 | 1,250 | 500 | Direct |
| Common Stock | Employee Stock Option (Right to Buy) | $33.28 | 2004-09-10 | 2014-09-10 | 1,000 | 200 | Direct |
| Common Stock | Employee Stock Option (Right to Buy) | $22.00 | 2003-09-04 | 2013-09-13 | 800 | 0 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 1,040 | 1,040 | Direct | |
| 2018-09-01 | 6,250 | 6,250 | Direct |
| 2017-09-10 | 1,000 | 1,000 | Direct |
| 2015-09-10 | 1,250 | 500 | Direct |
| 2014-09-10 | 1,000 | 200 | Direct |
| 2013-09-13 | 800 | 0 | Direct |
Footnotes
- Shares acquired in the amended and restated ProAssurance Stock Ownership Plan. Purchases under this plan are exempt under Rule 16b-3(c)
- These shares are exempt under Rule 16b-3. Bonus shares awarded to the reporting person under the terms of the ProAssurance 2008 Equity Incentive Plan by the Compensation Committee of the Board of Directors. The Compensation Committee is comprised solely of independent, non-employee directors
- Payout of Performance Shares awarded to the reporting person upon completion of a three year performance period at year-end 2009. The Compensation Committee (consisting entirely of independent directors) of the ProAssurance Corporation Board of Directors reviewed the company's performance against the defined criteria and approved this award.
- Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issueable from the ProAssurance 2008 Equity Incentive Plan. The RSUs will vest if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until February 26, 2013 (three years from date of grant). Vesting will accelerate upon termination of employment as the result of (i) death; (ii) disability; or (iii) Good Reason, as defined in the reporting person's employment agreement with ProAssurance Corporation, or by action of the Compensation Committee of the ProAssurance Corporation Board of Directors. The RSUs will be settled in shares of ProAssurance Common Stock and in cash, with the cash portion being approximately equal to the federal, state, and local taxes.
- Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issueable from the 2008 Equity Incentive Plan. The RSUs will vest if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until February 26, 2012 (three years from date of grant). Vesting will accelerate upon termination of employment as the result of (i) death; (ii) disability; or (iii) Good Reason, as defined in the reporting person's employment agreement with ProAssurance Corporation, or by action of the Compensation Committee of the ProAssurance Corporation Board of Directors. The RSUs will be settled in shares of ProAssurance Common Stock and in cash, with the cash portion being approximately equal to the federal, state, and local taxes.
- The options vest in five equal, yearly installments commencing on September 1, 2008
- The options vest in five equal, yearly installments commencing on September 10,2007
- The options vest in five equal, yearly installments commencing on September 10, 2005
- The options vest in five equal, yearly installments commencing on September 10, 2004
- The options vest in five equal, yearly installments commencing on September 4, 2003
Billionaire Hedge Funds
