SEC Form 4 · accession 0001127602-16-035713
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Sauerland
Officer — VP and Chief Financial Officer
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 2:14 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 | Jan 1, 2016 | M | 22,414 | $0.00 | A | 343,061 | D | |
| Common | Jan 1, 2016 | F | 7,543 | $31.10 | D | 335,518 | D | |
| Common | holding | — | — | — | 10,711 | I | 401(k) Plan | |
| Common | holding | — | — | — | 1,200 | I | By Child |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F4,F5 | — | Jan 1, 2016 | M | 22,414 | D | — | — | Common | 22,414 | 61,107 | D |
Explanation of responses
- F1Represents Common Shares issued upon the vesting of restricted stock unit awards. This Form 4 reports the disposition of such restricted stock units in exchange for an equal number of Common Shares.
- F2Delivery of shares to pay taxes upon vesting of restricted stock units.
- F3Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F4Units vested on January 1, 2016.
- F5Expiration Date is the same as the Date Exercisable.