PROASSURANCE CORP 4
4 · PROASSURANCE CORP · Filed Apr 8, 2005
Insider Transaction Report
Form 4
MORELLO JAMES J
TreasurerOther
Transactions
- Sale
Common Stock
2005-04-07$38.95/sh−3,562$138,740→ 17,136 total
Holdings
- 2,480
Employee Stock Option (Right to Buy)
Exercise: $26.03From: 2001-06-27Exp: 2008-12-01→ Common Stock (2,480 underlying) - 2,403
Employee Stock Option (Right to Buy)
Exercise: $21.01From: 2001-06-27Exp: 2009-12-09→ Common Stock (2,403 underlying) - 3,067
Employee Stock Option (Right to Buy)
Exercise: $24.68From: 2001-06-27Exp: 2007-12-02→ Common Stock (3,067 underlying) - 4,755(indirect: Shares held in the ProAssurance Group Savings and Retirement Plan)
Common Stock
- 16,000
Employee Stock Option (Right to Buy)
Exercise: $16.80From: 2002-07-15Exp: 2012-01-15→ Common Stock (16,000 underlying) - 7,500
Employee Stock Option (Right to Buy)
Exercise: $22.00From: 2003-09-04Exp: 2013-03-04→ Common Stock (5,000 underlying) - 3,148(indirect: By IRA)
Common Stock
- 12,500
Employee Stock Option (Right to Buy)
Exercise: $41.15From: 2005-09-10Exp: 2015-09-10→ Common Stock (12,500 underlying)
Footnotes (5)
- [F1]The options vest in five equal, yearly installments commencing on September 10, 2005
- [F2]The options vest in five equal, yearly installments commencing on September 10, 2004
- [F3]The options vest in five equal, yearly installments commencing on September 4, 2003
- [F4]The options vest in five equal, yearly installments commencing on July 15, 2002
- [F5]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.