4//SEC Filing
PROASSURANCE CORP 4
Accession 0001194794-16-000143
$PRACIK 0001127703operating
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 4:50 PM ET
Size
9.4 KB
Accession
0001194794-16-000143
Insider Transaction Report
Form 4
Peterson Mary Todd
President of a Subsidiary
Transactions
- Award
Common Stock
2016-02-24$49.10/sh+1,000$49,100→ 3,780 total
Holdings
- 112
Restricted Stock Units
→ Common Stock (112 underlying) - 100
Restricted Stock Units
→ Common Stock (100 underlying)
Footnotes (3)
- [F1]These shares are exempt under Rule 16b-3. Bonus shares awarded to the reporting person under the terms of the ProAssurance Corporation 2014 Equity Incentive Compensation Plan by the Compensation Committee of the Board of Directors. The Compensation Committee is comprised solely of independent, non-employee directors
- [F2]RSU's are equal in value to one share of Common Stock, issued on 10/5/15 under the 2014 Equity Incentive 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, 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 2014 Equity Incentive Plan with the value established vesting.
- [F3]RSU's are equal in value to one share of Common Stock, issued on 10/6/14 under the 2014 Equity Incentive 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, 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 2014 Equity Incentive Plan with the value established vesting.
Documents
Issuer
PROASSURANCE CORP
CIK 0001127703
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001127703
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 4:50 PM ET
- Size
- 9.4 KB