0001194794-15-000044.txt : 20150527
0001194794-15-000044.hdr.sgml : 20150527
20150527161207
ACCESSION NUMBER: 0001194794-15-000044
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150527
FILED AS OF DATE: 20150527
DATE AS OF CHANGE: 20150527
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PROASSURANCE CORP
CENTRAL INDEX KEY: 0001127703
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 631261433
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 100 BROOKWOOD PLACE
CITY: BIRMINGHAM
STATE: AL
ZIP: 35209
BUSINESS PHONE: 2058774400
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TERSIGNI ANTHONY R
CENTRAL INDEX KEY: 0001053993
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16533
FILM NUMBER: 15892521
MAIL ADDRESS:
STREET 1: 33 BLOOMFIELD HILLS PARKWAY SUITE 155
CITY: BLOOMFIELD HILLS
STATE: MI
ZIP: 48304
4
1
wf-form4_143275751728728.xml
FORM 4
X0306
4
2015-05-27
1
0001127703
PROASSURANCE CORP
PRA
0001053993
TERSIGNI ANTHONY R
C/O PROASSURANCE CORPORATION
100 BROOKWOOD PLACE
BIRMINGHAM
AL
35209
1
0
0
0
Common Stock
7889
D
Restricted Stock Units
Common Stock
112.0
112
D
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.
Dr. Tersigni did not stand for reelection to the Board. Dr. Tersigni, the President and CEO of Ascension, advised the company that demands on his time as a result of the growth of Ascension, both in scope and complexity, would prevent him from devoting the time required to continue his service to ProAssurance.
Frank B. O'Neil, Power of Attorney for the Reporting Person
2015-05-27