Filing Details

Accession Number:
0001194794-10-000016
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 19:37:30
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
1194788 H Howard Friedman 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 33,925 No 4 P Direct
Common Stock Acquisiton 2010-02-26 3,126 $53.32 33,814 No 4 A Direct
Common Stock Acquisiton 2010-02-26 2,900 $53.32 30,688 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 2,085 $0.00 2,085 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
2,085 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 914 Indirect IRA
Common Stock 178 Indirect Spouse's IRA
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 2,085 2,085 Direct
Common Stock Employee Stock Option (Right to Buy) $54.28 2008-09-01 2018-09-01 12,500 12,500 Direct
Common Stock Employee Stock Option (Right to Buy) $51.48 2007-09-10 2017-09-10 12,500 12,500 Direct
Common Stock Employee Stock Option (Right to Buy) $51.38 2006-09-11 2016-09-11 12,500 12,500 Direct
Common Stock Employee Stock Option (Right to Buy) $41.15 2005-09-10 2015-09-10 25,000 25,000 Direct
Common Stock Employee Stock Option (Right to Buy) $33.28 2004-09-10 2014-09-10 25,000 25,000 Direct
Common Stock Employee Stock Option (Right to Buy) $22.00 2003-09-04 2013-03-04 25,000 25,000 Direct
Common Stock Employee Stock Option (Right to Buy) $16.80 2002-07-15 2012-11-05 10,000 40,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2,085 2,085 Direct
2018-09-01 12,500 12,500 Direct
2017-09-10 12,500 12,500 Direct
2016-09-11 12,500 12,500 Direct
2015-09-10 25,000 25,000 Direct
2014-09-10 25,000 25,000 Direct
2013-03-04 25,000 25,000 Direct
2012-11-05 10,000 40,000 Direct
Footnotes
  1. Shares acquired in the amended and restated ProAssurance Stock Ownership Plan. Purchases under this plan are exempt under Rule 16b-3(c)
  2. 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.
  3. 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
  4. 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.
  5. 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.
  6. The options vest in five equal, yearly installments commencing on September 1, 2008
  7. The options vest in five equal, yearly installments commencing on September 10,2007
  8. The options vest in five equal, yearly installments commencing on September 11, 2006
  9. The options vest in five equal, yearly installments commencing on September 10, 2005
  10. The options vest in five equal, yearly installments commencing on September 10, 2004
  11. The options vest in five equal, yearly installments commencing on September 4, 2003
  12. The options vest in five equal, yearly installments commencing on July 15, 2002