SEC Form 4 · accession 0001127602-15-002950
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Sieger
Officer — Claims Operations Leader
Period of report
Jan 14, 2015
Accepted (ET)
Jan 27, 2015 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000080661
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common | Jan 14, 2015 | M | 1,828 | $0.00 | A | 40,630 | D | |
| Common | Jan 14, 2015 | J | 521 | $26.2106 | D | 40,109 | D | |
| Common | holding | — | — | — | 2 | I | In 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Comp UnitF3,F5,F6 | — | Jan 14, 2015 | I | 2,856 | D | — | — | Common | 2,856 | 18,442 | D |
| Deferred Comp UnitF3,F5,F6 | — | Jan 14, 2015 | M | 1,828 | D | — | — | Common | 1,828 | 16,614 | D |
Explanation of responses
- F1Reflects Common Shares received by the reporting person as a result of a distribution from the applicable deferral plan.
- F2Shares withheld from distribution to satisfy tax withholding obligations.
- F31 for 1
- F4Reflects cash received by the reporting person as a result of a distribution from the applicable deferral plan.
- F5Deferred compensation units relating to bonuses and restricted stock awards made prior to March 2005, and dividend equivalents related to deferred account balances, will be paid out in cash at the time elected by the reporting person subject to the payment provisions of the applicable deferral plan. Deferred compensation units relating to restricted stock and restricted stock unit awards made on or after March 2005 will be paid out in shares of Common Shares at the time elected by the reporting person subject to the payment provisions of the applicable deferral plan.
- F6Expiration Date is the same as the Date Exercisable.