Filing Details

Accession Number:
0001194794-10-000014
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 19:36:48
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
1198157 Stancil William Starnes C/O Proassurance Corporation
100 Brookwood Place
Birmingham AL 35209-6811
Chairman Yes 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 2010-03-01 297 $53.95 33,323 No 4 P Direct
Common Stock Acquisiton 2010-02-26 7,600 $53.32 33,026 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
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 4,000 4,000 Direct
Common Stock Employee Stock Option (Right to Buy) $54.28 2008-09-01 2018-09-01 20,000 20,000 Direct
Common Stock Employee Stock Option (Right to Buy) $56.16 2008-01-03 2017-07-01 100,000 100,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
4,000 4,000 Direct
2018-09-01 20,000 20,000 Direct
2017-07-01 100,000 100,000 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. 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