WOODHAMS WILLIAM H 4
4 · PROASSURANCE CORP · Filed May 20, 2009
Insider Transaction Report
Form 4
WOODHAMS WILLIAM H
Director
Transactions
- Award
Common Stock
2009-05-20$43.17/sh+1,297$55,991→ 16,500 total
Holdings
- 9,839(indirect: By IRA)
Common Stock
Footnotes (1)
- [F1]As disclosed on Page 37 of our 2009 Proxy Statement, non-management directors of ProAssurance receive a grant of ProAssurance stock as part of their compensation package each year, IF such a grant is recommended by the Compensation Committee. In 2009 the recommended and approved stock compensation grant was for shares having a value of $56,000. The number of whole shares is determined using the closing price of a share of stock on the New York Stock Exchange on the day of the Board of Directors meeting following the Annual Meeting of Shareholders. The closing price on May 20, 2009 was $43.17 resulting in a distribution to each non-management director of 1,297 shares.