0001194794-17-000063.txt : 20170531 0001194794-17-000063.hdr.sgml : 20170531 20170531192321 ACCESSION NUMBER: 0001194794-17-000063 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170531 FILED AS OF DATE: 20170531 DATE AS OF CHANGE: 20170531 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: HAYDAR ZIAD CENTRAL INDEX KEY: 0001642842 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16533 FILM NUMBER: 17882875 MAIL ADDRESS: STREET 1: 4600 EDMUNDSON ROAD CITY: ST LOUIS STATE: MO ZIP: 63134 4 1 wf-form4_149627298647433.xml FORM 4 X0306 4 2017-05-31 0 0001127703 PROASSURANCE CORP PRA 0001642842 HAYDAR ZIAD 100 BROOKWOOD PLACE BIRMINGHAM AL 35209 1 0 0 0 Common Stock 2017-05-31 4 A 0 940 59.55 A 6409 D Common Stock 2017-05-31 4 A 0 240 59.55 A 6649 D These shares are awarded under the ProAssurance Corporation Director Deferred Stock Compensation Plan and are exempt under Rule 16b-3. This grant was recommended by the Compensation Committee, which is composed entirely independent directors (as disclosed on page 15 of our 2017 Proxy Statement), and was approved by our Board of Directors at its meeting on May 31, 2017. This year, the recommended and approved stock compensation grant was for shares having a value not to exceed $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 31, 2017 was $59.55, resulting in a distribution to each non-management director of 940 shares. Shares acquired from ProAssurance Corporation under its Director Deferred Stock Compensation Plan which are exempt under Rule 16b-3. The plan was amended in 2013 to provide that dividends accumulated on deferred stock will be invested in shares of our stock and paid solely in our shares of stock when the deferred stock is payable to the directors. Only whole shares are purchased and remaining cash remains in the non-management director's deferred account for future purchase. Any future purchases of this nature will be made yearly, on the date of the Annual Meeting of Shareholders, under the same terms and conditions set forth in this footnote. Frank B. O'Neil, with Power of Attorney for the Reporting Person 2017-05-31