SHAPIRO NATHAN 4

4 · Protective Insurance Corp · Filed May 9, 2019

Form 4

Period: 2019-05-07

Director10% Owner

Transactions

Holdings

Class A Common Stock
146,645
Class A Common Stock
(indirect: Various)
751,125
Class A Common Stock
(indirect: Various)
239,296
Class B Common Stock
(indirect: Various)
609,125
Right to sell (put)
From: 1981-12-31→ Class A Common (46,875 underlying)
46,875
Class B Common Stock
(indirect: Various)
1,799,375
Right to sell (put)
From: 1981-12-31→ Class B Common (187,500 underlying)
187,500

Footnotes (4)

[F1]Owned by (a) New Horizons, Inc., (44,859 shares of Class A and 26,000 shares of class B) of which the undersigned is controlling stockholder; (b) Illinois Diversified, (21,375 shares of Class A and 85,500 shares of Class B) a general partnership as to which beneficial ownership is held by the undersigned; and (c) NS Associates, Inc., (173,062 shares of Class A and 497,625 shares of Class B) of which the undersigned is the controlling shareholder.
[F2]Owned by (a) Gelbart Fur Dressers (not Inc.), (178,500 shares of Class A and 714,000 shares of Class B) and Jay Ell Company (not Inc.), (41,250 shares of Class A and 165,000 shares of Class B) limited partnerships; (b) Diversified Enterprises (not Inc.), (178,125 shares of Class A and 559,500 shares of Class B) a general partnership; and (c) Shapiro Family L.P. - Gift Share (353,250 shares of Class A and 360,875 shares of Class B); Beneficial ownership is shared by the undersigned and other family members for all shares owned by these entities.
[F3]Shares represent restricted stock granted in lieu of certain cash director's fees. Restricted stock vests and is distributable on May 7, 2020.
[F4]All puts are exercisable at any time at 90% of the Company's most recently published quarterly book value prior to the date of exercise. These rights have no expiration date.

Documents

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