Quick Takeaways
- This page summarizes Robert Shapiro's Form 4 filing for Protective Insurance Corp.
- 6 reported transactions and 0 derivative rows are listed below.
- Filing timestamp: 03 Jun 2021, 17:24.
Robert Shapiro - 01 Jun 2021 Form 4 Insider Report for Protective Insurance Corp
- Role
- Director
- Signature
- John R. Barnett on behalf of Robert Shapiro
- Issuer symbol
- N/A
- Transactions as of
- 01 Jun 2021
- Net transactions value
- -$23,777,347
- Form type
- 4
- Filing time
- 03 Jun 2021, 17:24:06 UTC
- SEC
- View on sec.gov
Quoteable Key Fact
"Robert Shapiro filed Form 4 for Protective Insurance Corp on 03 Jun 2021."
What Changed
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$23,777,347.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
PTVCA/B
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $2,715,825
- Shares
- -116,559
- Change %
- -100%
- Price
- $23.30
- Shares after
- 0
- Date
- 01 Jun 2021
- Ownership
- Direct
- Footnotes
- F1
PTVCA/B
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $2,793,740
- Shares
- -119,903
- Change %
- -100%
- Price
- $23.30
- Shares after
- 0
- Date
- 01 Jun 2021
- Ownership
- Various
- Footnotes
- F1, F2
PTVCA/B
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $2,915,902
- Shares
- -125,146
- Change %
- -100%
- Price
- $23.30
- Shares after
- 0
- Date
- 01 Jun 2021
- Ownership
- Various
- Footnotes
- F1, F3
PTVCA/B
transaction
Class B Common Stock
Disposed to Issuer
- Transaction value
- $2,114,964
- Shares
- -90,771
- Change %
- -100%
- Price
- $23.30
- Shares after
- 0
- Date
- 01 Jun 2021
- Ownership
- Direct
- Footnotes
- F1
PTVCA/B
transaction
Class B Common Stock
Disposed to Issuer
- Transaction value
- $2,761,609
- Shares
- -118,524
- Change %
- -100%
- Price
- $23.30
- Shares after
- 0
- Date
- 01 Jun 2021
- Ownership
- Various
- Footnotes
- F1, F2
PTVCA/B
transaction
Class B Common Stock
Disposed to Issuer
- Transaction value
- $10,475,307
- Shares
- -449,584
- Change %
- -100%
- Price
- $23.30
- Shares after
- 0
- Date
- 01 Jun 2021
- Ownership
- Various
- Footnotes
- F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Robert Shapiro is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Explanation of Responses:
| Id | Content |
|---|---|
| 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. |
| F2 | Owned by the Robert & Gwendolyn Shapiro Family LLC (116,019 shares of Class A and 118,524 shares of Class B) and Emlin Cosmetics, Inc. (3,884 shares of Class A). |
| F3 | Owned by the Shapiro Family Investment Partnership - Robert Shapiro (125,146 shares of Class A and 449,584 shares of Class B). Beneficial ownership is shared by the undersigned and other family members for all shares owned by this entity. |