PROASSURANCE CORP — Director's Dealing 2012

May 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROASSURANCE CORP (PRA)
CIK: 0001127703
Period of Report: 2012-05-16

Reporting Person: TERSIGNI ANTHONY R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-16	Common Stock	A	635	$88.06	Acquired	1635	Direct

Footnotes

F1: As disclosed on Pages 50 and 51 of our 2012 Proxy Statement, non-management directors of ProAssurance receive a grant of ProAssurance stock as part of their compensation package each year, IF such a grant is recommended by the Compensation Committee, which is composed entirely independent directors (as disclosed on page 17 of our 2012 Proxy Statement). In 2011 the recommended and approved stock compensation grant was for shares having a value of $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 16, 2012 was $88.06, resulting in a distribution to each non-management director of 635 shares.