Key facts
- This page summarizes Jeremy David Edgecliffe-Johnson's Form 4 filing for Protective Insurance Corp.
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 03 Jun 2021, 17:20.
Jeremy David Edgecliffe-Johnson - 01 Jun 2021 Form 4 Insider Report for Protective Insurance Corp
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- N/A
- Reported as of
- 01 Jun 2021
- Net transaction value
- -$3,796,432
- Reporting owner signature
- John R. Barnett on behalf of Jeremy David Edgecliffe-Johnson
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Jeremy David Edgecliffe-Johnson filed Form 4 for Protective Insurance Corp on 03 Jun 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$3,796,432.
Research use
- 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.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
PTVCA/B
transaction
Class B Common Stock
Disposed to Issuer
- Transaction value
- $796,767
- Shares
- -34,196
- Change %
- -21%
- Price
- $23.30*
- Shares after
- 128,741
- Date
- 01 Jun 2021
- Ownership
- Direct
- Footnotes
- F1
PTVCA/B
transaction
Class B Common Stock
Disposed to Issuer
- Transaction value
- $2,999,665
- Shares
- -128,741
- Change %
- -100%
- Price
- $23.30*
- Shares after
- 0
- Date
- 01 Jun 2021
- Ownership
- Direct
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Jeremy David Edgecliffe-Johnson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote 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 (the "Company RSAs")) 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.
Footnote F2
Includes the following Company RSAs: 40,000 restricted shares that were to vest on July 1, 2023; 35,000 restricted shares that were to vest on June 1, 2022; 21,000 restricted shares that were to vest on June 1, 2023; 14,000 restricted shares that were to vest on June 1, 2024; 9,371 restricted shares that were to vest on March 6, 2022, and 9,370 restricted shares that were to vest on March 6, 2023.
Footnote F3
Pursuant to the Merger Agreement, immediately prior to the Effective Time, the restrictions on each of these Company RSAs automatically lapsed and each Company RSA was canceled and automatically converted into the right to receive an amount in cash equal to the product of (i) the total number of shares of the Company's Class B Common subject to the Company RSA, multiplied by (ii) an amount in cash, without interest, equal to $23.30, plus any cash dividends or cash dividend equivalents accrued on such Company RSA, less any applicable withholding taxes.