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4//SEC Filing

MORELLO JAMES J 4

Accession 0001194794-04-000027

CIK 0001127703other
View on SEC.govCompany Profile

Filed

Sep 8, 8:00 PM ET

Accepted

Sep 9, 5:39 PM ET

Size

18.1 KB

Accession

0001194794-04-000027

Insider Transaction Report

Form 4
Period: 2004-09-07
PROASSURANCE CORPPRA
MORELLO JAMES J
TreasurerOther
Transactions
  • Tax Payment

    Common Stock

    2004-09-07$34.53/sh−9,958$343,850→ 25,115 total
  • Exercise/Conversion

    Common Stock

    2004-09-07$34.53/sh+16,000$552,480→ 35,073 total
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2004-09-07+16,000→ 16,000 total
    Exercise: $16.80From: 2002-07-15Exp: 2012-01-15→ Common Stock (16,000 underlying)
Holdings

  • Employee Stock Option (Right to Buy)

    Exercise: $26.03From: 2001-06-27Exp: 2008-12-01→ Common Stock (2,480 underlying)
    2,480

  • Common Stock

    (indirect: Shares held in the ProAssurance Group Savings and Retirement Plan)
    4,755

  • Common Stock

    (indirect: By IRA)
    3,148

  • Employee Stock Option (Right to Buy)

    Exercise: $33.28From: 2004-09-10Exp: 2014-09-10→ Common Stock (12,500 underlying)
    12,500

  • Employee Stock Option (Right to Buy)

    Exercise: $21.01From: 2001-06-27Exp: 2009-12-09→ Common Stock (2,403 underlying)
    2,403

  • Employee Stock Option (Right to Buy)

    Exercise: $24.68From: 2001-06-27Exp: 2007-12-02→ Common Stock (3,067 underlying)
    3,067
Footnotes (6)
  • [F1]Cashless exercise of options on 9/7/2004
  • [F2]The 9,958 shares disposed of reflect 7,785 shares withheld by the issuer to fund the cashless exercise of 16,000 options on 9/07/04, and 2,173 shares withheld by the issuer to cover the associated tax liability.
  • [F3]The options vest in five equal installments commencing on September 10, 2004
  • [F4]The options vest in five equal installments commencing on September 4, 2003
  • [F5]The options vest in five equal installments commencing on July 15, 2002
  • [F6]Reflects options to purchase shares of ProAssurance Corporation common stock acquired beneficially by the reporting person in exchange for surrender of options to purchase shares of Medical Assurance, Inc. in connection with the consolidation of Medical Assurance, Inc. and Professionals group under the ownership of ProAssurance Corporation. The acquisition of options to purchase ProAssurance shares reported herein is exempt from Section 16(b) of the Securities Exchange Act, as amended (the "Act"), by virtue of Rule 16b-3(d) promulgated under the Act.

Documents

1 file

Issuer

PROASSURANCE CORP

CIK 0001127703

→
Entity typeother

Related Parties

1
  • filerCIK 0001194792

Filing Metadata

Form type
4
Filed
Sep 8, 8:00 PM ET
Accepted
Sep 9, 5:39 PM ET
Size
18.1 KB
View on SEC.gov