SEC Form 4 · accession 0001127602-15-007595
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn M Renwick
Officer — Chairman, President and CEO · Director
Period of report
Feb 19, 2015
Accepted (ET)
Feb 23, 2015 · 12:39 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 | Feb 19, 2015 | A | 15,403 | $0.00 | A | 1,236,271 | D | |
| Common | Feb 19, 2015 | F | 5,060 | $26.62 | D | 1,231,211 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Comp UnitF2,F4,F5 | $0.00 | Feb 19, 2015 | A | 98,168 | A | — | — | Common | 98,168 | 3,456,439 | D |
Explanation of responses
- F1These common shares were acquired upon the vesting of dividend equivalent units related to the performance-based restricted stock unit award granted in 2012 and deferred by the reporting person. These dividend equivalent units are not eligible for deferral under any applicable plan.
- F21 for 1
- F3The reporting person elected to defer receipt of common shares upon the vesting of a performance-based restricted stock units award made in 2012.
- F4Units will not be exercisable prior to distribution and will be distributed in an equivalent number of Common Shares at the time elected by the reporting person, subject to the payment provisions of the plan.
- F5Expiration Date is the same as the Date Exercisable.