X0202 4 2007-11-29 1 0001127703 PROASSURANCE CORP PRA 0001194792 MORELLO JAMES J C/O PROASSURANCE CORPORATION 100 BROOKWOOD PLACE BIRMINGHAM AL 35209-6811 0 1 0 1 Treasurer Senior Vice-President Common Stock 2007-11-29 4 F 0 1734 56.15 D 23330 D Common Stock 2007-11-29 4 M 0 1861 52.11 A 25064 D Common Stock 2007-11-29 4 F 0 1752 56.15 D 23203 D Common Stock 2007-11-29 4 M 0 2500 56.15 A 24955 D Common Stock 2007-11-29 4 F 0 1382 56.15 D 22455 D Common Stock 2007-11-29 4 M 0 2500 56.15 A 23837 D Employee Stock Option (Right to Buy) 51.48 2007-09-10 2017-09-10 Common Stock 6250 6250 D Employee Stock Option (Right to Buy) 51.38 2006-09-11 2016-09-11 Common Stock 6250 6250 D Employee Stock Option (Right to Buy) 41.15 2005-09-10 2015-09-10 Common Stock 12500 12500 D Employee Stock Option (Right to Buy) 33.28 2007-11-29 4 M 0 2500 0 D 2004-09-10 2014-09-10 Common Stock 5000 2500 D Employee Stock Option (Right to Buy) 22.00 2007-11-29 4 M 0 2500 0 D 2003-09-04 2013-03-04 Common Stock 2500 0 D Employee Stock Option (Right to Buy) 41.50 2006-06-29 2009-12-09 Common Stock 1531 1531 D Employee Stock Option (Right to Buy) 41.50 2006-06-29 2008-12-01 Common Stock 1801 1801 D Employee Stock Option (Right to Buy) 50.90 2007-11-29 4 M 0 1861 0 D 2007-11-08 2007-12-02 Common Stock 1861 0 D The 1,734 shares disposed of reflect 1,687 shares withheld by the issuer to fund the cashless exercise of 1,861 options on 11/29/07, and 47 shares withheld by the issuer to cover the associated tax liability. The 1,752 shares disposed of reflect 1,482 shares withheld by the issuer to fund the cashless exercise of 2,500 options on 11/29/07, and 270 shares withheld by the issuer to cover the associated tax liability. The 1,382 shares disposed of reflect 980 shares withheld by the issuer to fund the cashless exercise of 2,500 options on 11/29/07, and 402 shares withheld by the issuer to cover the associated tax liability. The options vest in five equal, yearly installments commencing on September 10, 2007 The options vest in five equal, yearly installments commencing on September 11, 2006 The options vest in five equal, yearly installments commencing on September 10, 2005 The options vest in five equal, yearly installments commencing on September 10, 2004 The options vest in five equal, yearly installments commencing on September 4, 2003 These are automatic reload rights resulting from the exercise of options under an existing grant to purchase shares under the ProAssurance Corporation Incentive Compensation Stock Plan. These reload options vest one year from the date of grant, provided that the Reporting Person maintains ownership of the ProAssurance shares that were purchased upon the exercise of the subject options. The grant of reload options to purchase ProAssurance shares reported herein is exempt from Section 16(b) of the Securities Exchange Act, as amended ("the Act") by virtue of Rule 16v-3(d) promulgated under the Act. James J. Morello 2007-11-29