4//SEC Filing
ADAMO VICTOR T 4
Accession 0001194794-13-000005
CIK 0001127703other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 5:53 PM ET
Size
12.2 KB
Accession
0001194794-13-000005
Insider Transaction Report
Form 4
ADAMO VICTOR T
DirectorPresident
Transactions
- Award
Common Stock
2013-02-21$46.97/sh+1,000$46,970→ 78,138 total - Tax Payment
Common Stock
2013-02-21$46.97/sh+10,702$502,673→ 77,138 total
Holdings
- 116
Restricted Stock Units
→ Common Stock (116 underlying) - 21,000(indirect: By Trust)
Common Stock
- 82
Restricted Stock Units
→ Common Stock (82 underlying) - 21,000(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]These shares are exempt under Rule 16b-3. Bonus shares awarded to the reporting person under the terms of the ProAssurance 2008 Equity Incentive Plan by the Compensation Committee of the Board of Directors. The Compensation Committee is comprised solely of independent, non-employee directors
- [F2]On December 27, 2012, the common stock of ProAssurance Corporation split 2-for-1, resulting in the reporting person's direct ownership of X,XXX additional shares of common stock.
- [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.
- [F4]This Restricted Stock Unit was previously reported as covering 55 shares, but was adjusted to reflect the 2-for-1 stock split that was effective December 27, 2012, and special dividend that was paid on that same date.
- [F5]This Restricted Stock Unit was previously reported as covering 39 shares, but was adjusted to reflect the 2-for-1 stock split that was effective December 27, 2012, and special dividend that was paid on that same date.
Documents
Issuer
PROASSURANCE CORP
CIK 0001127703
Entity typeother
Related Parties
1- filerCIK 0001194768
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 5:53 PM ET
- Size
- 12.2 KB