SEC Form 4 · accession 0001127602-15-012608
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Sauerland
Officer — Personal Lines Group President
Period of report
Mar 24, 2015
Accepted (ET)
Mar 26, 2015 · 11:14 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000080661
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2,F3 | — | Mar 24, 2015 | A | 18,891 | A | — | — | Common | 18,891 | 83,521 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F2These units will vest in three equal annual installments beginning January 1, 2018, subject to earlier vesting or forefeiture in accordance with the plan and the award agreement, including the earlier vesting of a portion of the units if the reporting person has achieved or hereafter achieves his or her qualified retirement eligibility date.
- F3Expiration Date is the same as the Date Exercisable.