MORELLO JAMES J 4
4 · PROASSURANCE CORP · Filed Mar 21, 2006
Insider Transaction Report
Form 4
MORELLO JAMES J
TreasurerOther
Transactions
- Sale
Common Stock
2006-03-21$52.28/sh−3,148$164,577→ 0 total(indirect: By IRA)
Holdings
- 5,000
Employee Stock Option (Right to Buy)
Exercise: $22.00From: 2003-09-04Exp: 2013-03-04→ Common Stock (2,500 underlying) - 8,000
Employee Stock Option (Right to Buy)
Exercise: $16.80From: 2002-07-15Exp: 2012-01-15→ Common Stock (8,000 underlying) - 1,618
Employee Stock Option (Right to Buy)
Exercise: $41.50From: 2006-06-29Exp: 2008-12-01→ Common Stock (1,618 underlying) - 4,755(indirect: Shares held in the ProAssurance Group Savings and Retirement Plan)
Common Stock
- 6,250
Employee Stock Option (Right to Buy)
Exercise: $51.38From: 2006-09-11Exp: 2016-09-11→ Common Stock (6,250 underlying) - 1,279
Employee Stock Option (Right to Buy)
Exercise: $41.50From: 2006-06-29Exp: 2009-12-09→ Common Stock (1,279 underlying) - 1,886
Employee Stock Option (Right to Buy)
Exercise: $41.50From: 2006-06-29Exp: 2007-12-02→ Common Stock (1,886 underlying) - 12,500
Employee Stock Option (Right to Buy)
Exercise: $41.15From: 2005-09-10Exp: 2015-09-10→ Common Stock (12,500 underlying) - 20,271
Common Stock
- 7,500
Employee Stock Option (Right to Buy)
Exercise: $33.28From: 2004-09-10Exp: 2014-09-10→ Common Stock (5,000 underlying)
Footnotes (6)
- [F1]The options vest in five equal, yearly installments commencing on September 11, 2006
- [F2]The options vest in five equal, yearly installments commencing on September 10, 2005
- [F3]The options vest in five equal, yearly installments commencing on September 10, 2004
- [F4]The options vest in five equal, yearly installments commencing on September 4, 2003
- [F5]The options vest in five equal, yearly installments commencing on July 15, 2002
- [F6]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.