Filing Details
- Accession Number:
- 0001194794-12-000094
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-09-24 19:10:08
- Reporting Period:
- 2012-09-24
- Filing Date:
- 2012-09-24
- Accepted Time:
- 2012-09-24 18:10:08
- 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 |
---|---|---|---|---|---|---|---|
1307649 | Jr Lewis Edward Rand | C/Oproassurance Corporation 100 Brookwood Place Birmingham AL 35209 | Chief Financial Officer | 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 | Disposition | 2012-09-24 | 3,000 | $90.00 | 18,918 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | 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 | 2,085 | 2,085 | Direct | ||
Common Stock | Restricted Stock Units | $0.00 | 39 | 39 | Direct | ||
Common Stock | Restricted Stock Units | $0.00 | 2,085 | 2,085 | Direct | ||
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 |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2,085 | 2,085 | Direct | |
39 | 39 | Direct | |
2,085 | 2,085 | Direct | |
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 |
Footnotes
- Open Market sale, all at $90.00/per share
- Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issuable 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 December 31, 2014 (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.
- RSU's are equal in value to one share of Common Stock, are issued under the 2008 Equity Plan and acquired under terms of the ProAssurance Corporation 2011 Employee Stock Ownership Plan. The RSUs will vest upon the sooner of three years of continuous employment, termination of employment by reason of death or disability or for ''good reason," or a change of control of the Company. If a participant terminates employment more than twelve months but less than three years from the date of grant, the RSUs will partially vest based on the number of days that the participant was employed in the vesting period. Any RSUs that are unvested on termination of employment will be forfeited. In addition, if a participant withdraws shares purchased for his or her account, matching unvested RSUs will be forfeited. Upon vesting, we will pay the RSUs in shares of our Common Stock from those shares reserved for issuance under the 2008 Equity Plan. Value to be established upon vesting.
- Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ProAssurance Corporation common stock, issuable 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 December 31, 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 ProAssurance 2008 Equity Incentive Plan. The RSUs will vest if the reporting person remains continuously employed by ProAssurance or one of its subsidiaries until December 31, 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
- These options are fully vested, having vested in five equal, yearly installments commencing on September 10, 2007
- These options are fully vested, having vested in five equal, yearly installments commencing on September 11, 2006
- These options are fully vested, having vested in five equal, yearly installments commencing on September 10, 2005