X0303 4 2009-03-04 0000355429 PROTECTIVE LIFE CORP PL 0001258388 WALKER STEVEN G 2801 HIGHWAY 280, SOUTH BIRMINGHAM AL 35223 1 SR Vice President Common Stock 2009-03-04 4 A 0 25000 3.5 A 29552.3998 D Common Stock 1442.078 I By 401(k) Common Stock 2631.679 I Deferred Compensation SAR 3.5 2009-03-04 4 A 0 13889 0 A 2010-03-04 2020-03-04 Common Stock 13889 13889 D SAR 3.5 2009-03-04 4 A 0 13889 0 A 2011-03-04 2020-03-04 Common Stock 13889 13889 D SAR 3.5 2009-03-04 4 A 0 13889 0 A 2012-03-04 2020-03-04 Common Stock 13889 13889 D SAR 43.46 2008-03-05 2017-03-05 Common Stock 975 975 D SAR 38.59 2009-02-28 2018-02-28 Common Stock 1425 1425 D SAR 43.46 2009-03-05 2017-03-05 Common Stock 975 975 D SAR 38.59 2010-02-28 2018-02-28 Common Stock 1425 1425 D SAR 41.05 2010-03-04 2015-03-04 Common Stock 15000 15000 D SAR 43.46 2010-03-05 2017-03-05 Common Stock 975 975 D SAR 38.59 2011-02-28 2018-02-28 Common Stock 1425 1425 D SAR 43.46 2011-03-05 2017-03-05 Common Stock 975 975 D SAR 38.59 2012-02-29 2018-02-28 Common Stock 1425 1425 D 25,000 Restricted Stock Units awarded under the Protective Life Corporation Long-Term Incentive Plan in transaction exempt under Rule 16b-3. 50% will vest in each of 2012 and 2013 subject to the terms of the Plan Total shares held by reporting person in PLC's 401(k) & Stock Ownsership Plan as of 3/3/09 Shares acquired through PLC Def. Comp. Plan for Officers of the Corporation (exempt under Rule 16b-3).Total amount in Col. 5 includes dividend shares acquired under the PLC Def. Comp. Plan for Officers exempt under Rule 16-a 11. Stock Appreciation Right awarded under the Protective Life Corpration Long-Term Incentive Plan in transaction exempt under Rule 16b-3 becoming exercisable in equal installments over three years beginning 3/4/10, subject to the terms of the Plan. Previously reported Stock Appreciation Right (SAR). by Harriette Hyche Attorney-in-Fact for Steven G. Walker 2009-03-06