SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Adams D Scott

(Last) (First) (Middle)
2801 HIGHWAY 280, SOUTH

(Street)
BIRMINGHAM AL 35223

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PROTECTIVE LIFE CORP [ PL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SR VP, CHIEF HUMAN RESOURCES
3. Date of Earliest Transaction (Month/Day/Year)
03/21/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/21/2014 A 7,035(1) A $50.66 53,681.128 D
Common Stock 03/21/2014 F 801(2) D $52.14 52,880.128 D
Common Stock 03/21/2014 F 1,673(2) D $52.08 51,207.128 D
Common Stock 773.856 I By 401(k)(3)
Common Stock 1,351.4037 I Deferred Compensation(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
SAR(5) $18.36 02/26/2012 02/26/2020 Common Stock 1 1 D
SAR(5) $18.36 02/26/2013 02/26/2020 Common Stock 3,066 3,066 D
SAR(5) $38.59 02/28/2009 02/28/2018 Common Stock 1,200 1,200 D
SAR(5) $38.59 02/28/2010 02/28/2018 Common Stock 1,200 1,200 D
SAR(5) $38.59 02/28/2011 02/28/2018 Common Stock 1,200 1,200 D
SAR(5) $38.59 02/29/2012 02/28/2018 Common Stock 1,200 1,200 D
SAR(5) $43.46 03/05/2008 03/05/2017 Common Stock 825 825 D
SAR(5) $43.46 03/05/2009 03/05/2017 Common Stock 825 825 D
SAR(5) $43.46 03/05/2010 03/05/2017 Common Stock 825 825 D
SAR(5) $43.46 03/05/2011 03/05/2017 Common Stock 825 825 D
Explanation of Responses:
1. Acquisition of common shares due to performance share unit award for the period 1/1/2011-12/31/2013
2. Taxes are on vested RSU's.
3. Total shares held by reporting person in PLC's 401(k) and Stock Ownership Plan.
4. Shares acquired through PLC Deferred Compensation Plan for Officers of the Corporation (exempt under Rule 16b-3).
5. Previously reported Stock Appreciation Right (SAR).
by Elizabeth Holland Brown Attorney-in-Fact for D. Scott Adams 03/24/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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