SEC Form 4 · accession 0001127602-15-013002
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Cody
Officer — Chief Investment Officer
Period of report
Mar 30, 2015
Accepted (ET)
Apr 1, 2015 · 9:58 am EDT
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 |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Mar 30, 2015 | S | 45,000 | $27.3357 | D | 134,453 | 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,F3,F4 | $0.00 | Mar 30, 2015 | I | 10,198 | D | — | — | Common | 10,198 | 60,174 | D |
Explanation of responses
- F1The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $27.29 to $27.385, inclusive. The reporting person undertakes to provide to The Progressive Corporation, any security holder of The Progressive Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote 1.
- F21 for 1
- F3As permitted by the applicable deferral plan, the reporting person transferred a portion of the value of his deferred compensation units that were invested in the Progressive stock fund (phantom stock units) into an alternative investment vehicle within the deferral plan.
- F4Expiration Date is the same as the Date Exercisable.