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4//SEC Filing

MORELLO JAMES J 4

Accession 0001194794-05-000040

CIK 0001127703other
View on SEC.govCompany Profile

Filed

Jun 30, 8:00 PM ET

Accepted

Jul 1, 9:55 AM ET

Size

35.0 KB

Accession

0001194794-05-000040

Insider Transaction Report

Form 4
Period: 2005-06-29
PROASSURANCE CORPPRA
MORELLO JAMES J
TreasurerOther
Transactions
  • Tax Payment

    Common Stock

    2005-06-29$41.50/sh−2,153$89,350→ 19,286 total
  • Tax Payment

    Common Stock

    2005-06-29$41.50/sh−1,531$63,537→ 17,693 total
  • Exercise/Conversion

    Common Stock

    2005-06-29$41.50/sh+2,480$102,920→ 20,173 total
  • Tax Payment

    Common Stock

    2005-06-29$41.50/sh−1,801$74,742→ 18,372 total
  • Exercise/Conversion

    Common Stock

    2005-06-29$41.50/sh+3,067$127,281→ 21,439 total
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2005-06-29−2,480→ 0 total
    Exercise: $26.03From: 2001-06-27Exp: 2008-12-01→ Common Stock (2,480 underlying)
  • Award

    Employee Stock Option (Right to Buy)

    2005-06-29+1,279→ 1,279 total
    Exercise: $41.50From: 2006-06-29Exp: 2009-12-09→ Common Stock (1,279 underlying)
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2005-06-29−2,403→ 0 total
    Exercise: $21.01From: 2001-06-27Exp: 2009-12-09→ Common Stock (2,403 underlying)
  • Exercise/Conversion

    Employee Stock Option (Right to Buy)

    2005-06-29−3,067→ 0 total
    Exercise: $24.68From: 2001-06-27Exp: 2007-12-02→ Common Stock (3,067 underlying)
  • Award

    Employee Stock Option (Right to Buy)

    2005-06-29+1,886→ 1,886 total
    Exercise: $41.50From: 2006-06-29Exp: 2007-12-02→ Common Stock (1,886 underlying)
  • Exercise/Conversion

    Common Stock

    2005-06-29$41.50/sh+2,403$99,725→ 19,224 total
  • Award

    Employee Stock Option (Right to Buy)

    2005-06-29+1,618→ 1,618 total
    Exercise: $41.50From: 2006-06-29Exp: 2008-12-01→ Common Stock (1,618 underlying)
Holdings

  • Common Stock

    (indirect: By IRA)
    3,148

  • Common Stock

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

  • Employee Stock Option (Right to Buy)

    Exercise: $41.15From: 2005-09-10Exp: 2015-09-10→ Common Stock (12,500 underlying)
    12,500

  • Employee Stock Option (Right to Buy)

    Exercise: $22.00From: 2003-09-04Exp: 2013-03-04→ Common Stock (5,000 underlying)
    7,500

  • Employee Stock Option (Right to Buy)

    Exercise: $16.80From: 2002-07-15Exp: 2012-01-15→ Common Stock (16,000 underlying)
    16,000
Footnotes (10)
  • [F1]The 2,153 shares disposed of reflect 1,824 shares withheld by the issuer to fund the cashless option exercise of 3,067 options on 6/29/05 and 329 shares withheld by the issuer to cover the associated tax liability.
  • [F10]These are automatic reload rights resulting from the exercise of options under an existing grant to purchase shares under the ProAssurance Corporation Incentive Compensation Stock Plan. These reload options vest one year from the date of grant, provided that the Reporting Person maintains ownership of the ProAssurance shares that were purchased upon the exercise of the subject options. The grant of reload 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 16v-3(d) promulgated under the Act.
  • [F2]Cashless exercise of options on 6/29/05
  • [F3]The 1,801 shares disposed of reflect 1,556 shares withheld by the issuer to fund the cashless option exercise of 2,480 options on 6/29/05 and 245 shares withheld by the issuer to cover the associated tax liability.
  • [F4]The 1,531 shares disposed of reflect 1,217 shares withheld by the issuer to fund the cashless option exercise of 2,403 options on 6/29/05 and 314 shares withheld by the issuer to cover the associated tax liability.
  • [F5]The options vest in five equal, yearly installments commencing on September 10, 2005
  • [F6]The options vest in five equal, yearly installments commencing on September 10, 2004
  • [F7]The options vest in five equal, yearly installments commencing on September 4, 2003
  • [F8]The options vest in five equal, yearly installments commencing on July 15, 2002
  • [F9]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
Jun 30, 8:00 PM ET
Accepted
Jul 1, 9:55 AM ET
Size
35.0 KB
View on SEC.gov