Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
BUTRUS PAUL R
   2. Issuer Name and Ticker or Trading Symbol
PROASSURANCE CORP [PRA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Advisor
(Last)
(First)
(Middle)
C/O PROASSURANCE CORPORATION, 100 BROOKWOOD PLACE		 3. Date of Earliest Transaction (Month/Day/Year)
07/16/2007
(Street)

BIRMINGHAM, AL 35209-6811		 4. If Amendment, Date Original Filed(Month/Day/Year)
06/26/2007		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/25/2007   F   1,185 (1) D $ 55.34 265,703 D  
Common Stock 06/25/2007   M   1,250 A $ 55.34 266,888 D  
Common Stock 06/25/2007   F   4,064 (2) D $ 55.34 265,938 D  
Common Stock 06/25/2007   M   5,000 A $ 55.34 269,702 D  
Common Stock 06/25/2007   F   5,317 (3) D $ 55.34 264,702 D  
Common Stock 06/25/2007   M   7,500 A $ 55.34 270,019 D  
Common Stock 06/25/2007   F   5,600 (4) D $ 55.34 262,519 D  
Common Stock 06/25/2007   M   10,000 A $ 55.34 268,119 D  
Common Stock 06/25/2007   F   12,282 (5) D $ 55.34 258,119 D  
Common Stock 06/25/2007   M   25,000 A $ 55.34 270,401 D  
Common Stock 06/25/2007   F   14,355 (6) D $ 55.34 245,401 D  
Common Stock 06/25/2007   M   26,250 A $ 55.34 259,756 D  
Common Stock 06/25/2007   F   17,704 (7) D $ 55.34 233,506 D  
Common Stock 06/25/2007   M   28,875 A $ 55.34 251,210 D  
Common Stock 06/25/2007   F   65,221 (8) D $ 55.34 222,335 D  
Common Stock 06/25/2007   M   109,563 A $ 55.34 287,556 D  
Common Stock 06/25/2007   F   1,807 (9) D $ 55.34 177,993 D  
Common Stock 06/25/2007   M   4,050 A $ 55.34 179,800 D  
Common Stock               9,602 (10) I ProAssurance Group Savings and Retirement Plan [401(k)]
Common Stock               47,321 I SEP / Regions Bank

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 51.48             09/10/2007(11) 09/10/2017 Common Stock 6,250   6,250 D  
Employee Stock Option (Right to Buy) $ 51.38 06/25/2007   M     1,250 09/11/2006(12) 09/11/2016 Common Stock 6,250 $ 0 5,000 D  
Employee Stock Option (Right to Buy) $ 41.15 06/25/2007   M     5,000 09/10/2005(13) 09/10/2015 Common Stock 12,500 $ 0 7,500 D  
Employee Stock Option (Right to Buy) $ 33.28 06/25/2007   M     7,500 09/10/2004(14) 09/10/2014 Common Stock 12,500 $ 0 5,000 D  
Employee Stock Option (Right to Buy) $ 22 06/25/2007   M     10,000 09/04/2003(15) 09/04/2013 Common Stock 12,500 $ 0 2,500 D  
Employee Stock Option (Right to Buy) $ 16.8 06/25/2007   M     25,000 07/15/2002 07/15/2012 Common Stock 25,000 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 21.01 06/25/2007   M     26,250 06/27/2001 12/08/2008 Common Stock 26,250 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 26.03 06/25/2007   M     28,875 06/27/2001 12/01/2008 Common Stock 28,875 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 24.68 06/25/2007   M     113,613 06/27/2001 12/02/2007 Common Stock 113,613 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BUTRUS PAUL R
C/O PROASSURANCE CORPORATION
100 BROOKWOOD PLACE
BIRMINGHAM, AL 35209-6811		       Senior Advisor  

Signatures

 Frank B. O'Neil, POA for the reporting person, Paul R. Butrus   07/17/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The 1,185 shares disposed of reflect 1,161 shares withheld by the issuer to fund the cashless exercise of 1,250 options on 06/25/07, and 24 shares withheld by the issuer to cover the associated tax liability.
(2) The 4,064 shares disposed of reflect 3,718 shares withheld by the issuer to fund the cashless exercise of 5,000 options on 06/25/07, and 346 shares withheld by the issuer to cover the associated tax liability.
(3) The 5,317 shares disposed of reflect 4,511 shares withheld by the issuer to fund the cashless exercise of 7,500 options on 06/25/07, and 806 shares withheld by the issuer to cover the associated tax liability.
(4) The 5,600 shares disposed of reflect 3,976 shares withheld by the issuer to fund the cashless exercise of 10,000 options on 06/25/07, and 1,624 shares withheld by the issuer to cover the associated tax liability.
(5) The 12,282 shares disposed of reflect 7,590 shares withheld by the issuer to fund the cashless exercise of 25,000 options on 06/25/07, and 4,692 shares withheld by the issuer to cover the associated tax liability.
(6) The 14,355 shares disposed of reflect 9,966 shares withheld by the issuer to fund the cashless exercise of 26,250 options on 06/25/07, and 4,388 shares withheld by the issuer to cover the associated tax liability.
(7) The 17,704 shares disposed of reflect 13,582 shares withheld by the issuer to fund the cashless exercise of 28,875 options on 06/25/07, and 4,122 shares withheld by the issuer to cover the associated tax liability.
(8) The 65,221 shares disposed of reflect 48,862 shares withheld by the issuer to fund the cashless exercise of 109,563 options on 06/25/07, and 16,359 shares withheld by the issuer to cover the associated tax liability.
(9) The 1,807 shares disposed of were withheld by the issuer to fund the cashless exercise of 4,050 options on 06/25/07.
(10) These shares were allocated prior to August 29, 2002 and were exepmt under Rule 16b-3
(11) The options vest in five equal, yearly installments commencing on September 10, 2007
(12) The options vest in five equal, yearly installments commencing on September 11, 2006
(13) The options vest in five equal, yearly installments commencing on September 10, 2005
(14) The options vest in five equal, yearly installments commencing on September 10, 2004
(15) The options vest in five equal, yearly installments commencing on September 4, 2003
 
Remarks:
ProAssurance incorrectly calculated the number of shares to be withheld from the option exercise reported on June 26, 2007. These options were Incentive Stock Options and thus no tax withholding was required. This Form 4 revises the option exercise of June 25, 2007 to reflect the correct totals for shares issued and shares withheld (See footnote 9). The net effect is an additonal 604 shares delivered to the reporting person.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.