Filing Details

Accession Number:
0001194794-11-000053
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-06-27 16:14:03
Reporting Period:
2011-06-24
Filing Date:
2011-06-27
Accepted Time:
2011-06-27 16:14:03
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
1194768 T Victor Adamo C/O Proassurance Corporation
100 Brookwood Place
Birmingham AL 35209-6811
President Yes Yes No No
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 Disposition 2011-06-27 2,763 $69.85 44,835 No 4 S Direct
Common Stock Disposition 2011-06-24 400 $69.75 47,598 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Share Units $0.00 2,500 2,500 Direct
Common Stock Employee Stock Option (Right to Buy) $54.28 2008-09-01 2018-09-01 15,000 15,000 Direct
Common Stock Employee Stock Option (Right to Buy) $51.48 2007-09-10 2017-09-10 15,000 15,000 Direct
Common Stock Employee Stock Option (Right to Buy) $51.38 2006-09-11 2016-09-11 15,000 15,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2,500 2,500 Direct
2018-09-01 15,000 15,000 Direct
2017-09-10 15,000 15,000 Direct
2016-09-11 15,000 15,000 Direct
Footnotes
  1. Weighted average of sale prices, which ranged from $69.75/share to $69.90/share. The Reporting Person has provided to the issuer, and further undertakes to provide to the SEC staff or a security holder of the Issuer upon request, full information regarding the number of shares sold at each separate price.
  2. All shares sold at $69.75/share
  3. 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, 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.
  4. The options vest in five equal, yearly installments commencing on September 1, 2008
  5. The options vest in five equal, yearly installments commencing on September 10, 2007
  6. The options vest in five equal, yearly installments commencing on September 11, 2006