NABERS DRAYTON JR 4
4 · PROASSURANCE CORP · Filed May 18, 2011
Insider Transaction Report
Form 4
NABERS DRAYTON JR
Director
Transactions
- Award
Common Stock
2011-05-18$69.36/sh+807$55,974→ 7,587 total
Holdings
- 80(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]As disclosed on Page 51 of our 2011 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, which is composed entirely independent directors (as disclosed on page 16 of our 2010 Proxy Statement). In 2011 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 (NYSE) on the day of the Board of Directors meeting following the Annual Meeting of Shareholders. The NYSE closing price on May 18, 2011 was $69.36, resulting in a distribution to each non-management director of 807 shares.