SEC Form 4 · accession 0001127602-15-023177
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles E Jarrett
Officer — Vice Pres, Secretary & CLO
Period of report
Jul 17, 2015
Accepted (ET)
Jul 21, 2015 · 11:02 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 |
|---|---|---|---|---|---|---|---|---|
| Common | Jun 4, 2015 | G | 10,998 | $0.00 | D | 33,181 | D | |
| Common | Jul 17, 2015 | A | 32,298 | $0.00 | A | 65,479 | D | |
| Common | Jul 17, 2015 | D | 18,820 | $0.00 | D | 46,659 | D | |
| Common | Jul 17, 2015 | F | 15,326 | $30.76 | D | 31,333 | D | |
| Common | holding | — | — | — | 5,228 | I | 401(k) Plan |
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,F4,F5 | $0.00 | Jul 17, 2015 | A | 18,820 | A | — | — | Common | 18,820 | 414,959 | D |
Explanation of responses
- F1These shares were issued pursuant to the vesting of performance-based restricted stock unit awards made in 2012, including dividend equivalents accrued since the grant date.
- F2The reporting person elected to defer receipt, upon the vesting thereof, of performance-based restricted shares granted in 2007. This Form 4 reports the disposition of such restricted shares in exchange for an equal number of deferred compensation units under the applicable deferral plan.
- F31 for 1
- 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.