4//SEC Filing
Porcari James A 4
Accession 0000009346-21-000066
CIK 0000009346other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 5:13 PM ET
Size
5.3 KB
Accession
0000009346-21-000066
Insider Transaction Report
Form 4
Protective Insurance CorpPTVCA/B
Porcari James A
Director
Transactions
- Disposition to Issuer
Class B Common Stock
2021-06-01$23.30/sh−11,558$269,301→ 0 total
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of February 14, 2021 (the "Merger Agreement"), by and among Protective Insurance Corporation (the "Company"), The Progressive Corporation ("Progressive") and Carnation Merger Sub Inc., a wholly-owned indirect subsidiary of Progressive ("Merger Sub"), at the effective time (the "Effective Time") of the merger of Merger Sub with and into the Company, which Effective Time occurred on June 1, 2021, each outstanding share of the Company's Class A Common Stock and Class B Common Stock (other than certain excluded shares and the outstanding time-based restricted stock awards granted under the Company's equity incentive plan) was cancelled and automatically converted into the right to receive an amount in cash equal to $23.30, without interest and less any applicable withholding taxes.
Documents
Issuer
Protective Insurance Corp
CIK 0000009346
Entity typeother
Related Parties
1- filerCIK 0001706810
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 5:13 PM ET
- Size
- 5.3 KB