X0304 4 2012-02-13 0000355429 PROTECTIVE LIFE CORP PL 0001192255 THIGPEN CARL S 2801 HIGHWAY 280, SOUTH BIRMINGHAM AL 35223 1 EVP and CIO Common Stock 2012-02-13 4 M 0 16667.0000 3.5000 A 34473.0000 D Common Stock 2012-02-13 4 M 0 16667.0000 3.5000 A 51140.0000 D Common Stock 2012-02-13 4 D 0 4249.0000 27.4600 D 46891.0000 D Common Stock 2012-02-13 4 F 0 9235.0000 27.4600 D 37656.0000 D Common Stock 2012-02-14 4 S 0 100.0000 27.0315 D 37556.0000 D Common Stock 2012-02-14 4 S 0 300.0000 27.0500 D 37256.0000 D Common Stock 2012-02-14 4 S 0 500.0000 27.0500 D 36756.0000 D Common Stock 2012-02-14 4 S 0 1044.0000 27.0200 D 35712.0000 D Common Stock 2012-02-14 4 S 0 2300.0000 27.3500 D 33412.0000 D Common Stock 2012-02-14 4 S 0 2612.0000 27.0300 D 30800.0000 D Common Stock 2012-02-14 4 S 0 2700.0000 27.3500 D 28100.0000 D Common Stock 2012-02-14 4 S 0 3249.0000 27.0131 D 24851.0000 D Common Stock 2012-02-14 4 S 0 5000.0000 27.1400 D 19851.0000 D Common Stock 25158.2850 I By 401(k) Common Stock 3688.0000 I Deferred Compensation SAR 3.5000 2012-02-13 4 M 0 16667.0000 3.5000 D 2010-03-04 2020-03-04 Common Stock 16667.0000 0.0000 D SAR 3.5000 2012-02-13 4 M 0 16667.0000 3.5000 D 2011-03-04 2020-03-04 Common Stock 16667.0000 0.0000 D Restricted Stock Units 2013-02-26 2014-02-26 Common Stock 17909.0000 17909.0000 D Restricted Stock Units 2014-02-28 2015-02-28 Common Stock 8500.0000 8500.0000 D Restricted Stock Units 2012-03-04 2013-03-04 Common Stock 42633.0000 42633.0000 D SAR 18.3600 2011-02-26 2020-02-26 Common Stock 5784.0000 5784.0000 D SAR 18.3600 2012-02-26 2020-02-26 Common Stock 5783.0000 5783.0000 D SAR 18.3600 2013-02-26 2020-02-26 Common Stock 5783.0000 5783.0000 D SAR 38.5900 2009-02-28 2018-02-28 Common Stock 3325.0000 3325.0000 D SAR 38.5900 2010-02-28 2018-02-28 Common Stock 3325.0000 3325.0000 D SAR 38.5900 2011-02-28 2018-02-28 Common Stock 3325.0000 3325.0000 D SAR 38.5900 2012-02-29 2018-02-28 Common Stock 3325.0000 3325.0000 D SAR 32.0000 2007-03-04 2012-03-04 Common Stock 15000.0000 15000.0000 D SAR 41.0500 2010-03-04 2015-03-04 Common Stock 35000.0000 35000.0000 D SAR 3.5000 2012-03-04 2020-03-04 Common Stock 16666.0000 16666.0000 D SAR 43.4600 2008-03-05 2017-03-05 Common Stock 1850.0000 1850.0000 D SAR 43.4600 2009-03-05 2017-03-05 Common Stock 1850.0000 1850.0000 D SAR 43.4600 2010-03-05 2017-03-05 Common Stock 1850.0000 1850.0000 D SAR 43.4600 2011-03-05 2017-03-05 Common Stock 1850.0000 1850.0000 D Includes shares acquired under PLC's 401(k) and Stock Ownership Plan since the date of the reporting person's last ownership report. 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. Expiration date on this transaction was inadvertently incorrect as 2020 and should have been 2019. Previously reported Restricted Stock Units. Each restricted stock unit represents a contingent right to receive one share of PLC common stock. Previously reported Stock Appreciation Right (SAR). by Alfred F. Delchamps, III, Attorney-in-Fact for Carl S. Thigpen 2012-02-15