ADAMO VICTOR T 4
4 · PROASSURANCE CORP · Filed Oct 9, 2012
Insider Transaction Report
Form 4
ADAMO VICTOR T
DirectorPresident
Transactions
- Award
Restricted Stock Units
2012-10-05+55→ 55 total→ Common Stock (55 underlying) - Award
Common Stock
2012-10-05$90.07/sh+55$4,954→ 54,218 total - Gift
Common Stock
2012-10-03−705→ 54,163 total
Holdings
- 39
Restricted Stock Units
→ Common Stock (39 underlying)
Footnotes (3)
- [F1]Shares acquired under terms of the ProAssurance Corporation 2011 Employee Stock Ownership Plan
- [F2]Bona fide gift of shares
- [F3]RSU's are equal in value to one share of Common Stock, are issued under the 2008 Equity Plan and acquired under terms of the ProAssurance Corporation 2011 Employee Stock Ownership Plan. The RSUs will vest upon the sooner of three years of continuous employment, termination of employment by reason of death or disability or for ''good reason," or a change of control of the Company. If a participant terminates employment more than twelve months but less than three years from the date of grant, the RSUs will partially vest based on the number of days that the participant was employed in the vesting period. Any RSUs that are unvested on termination of employment will be forfeited. In addition, if a participant withdraws shares purchased for his or her account, matching unvested RSUs will be forfeited. Upon vesting, we will pay the RSUs in shares of our Common Stock from those shares reserved for issuance under the 2008 Equity Plan. Value to be established upon vesting.