SEC Form 4 · accession 0001127602-15-034564
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
Dec 16, 2015
Accepted (ET)
Dec 18, 2015 · 11:09 am 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 | Dec 16, 2015 | D | 141,640 | $0.00 | D | 941,214 | 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 | Dec 16, 2015 | A | 141,640 | A | — | — | Common | 141,640 | 4,121,630 | D |
Explanation of responses
- F1The reporting person elected to defer receipt, upon the vesting thereof, of performance-based restricted shares granted in 2006. 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.
- F21 for 1
- F3Units 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.
- F4Expiration Date is the same as the Date Exercisable.