SEC Form 4 · accession 0001127602-16-035732
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Sieger
Officer — Claims President
Period of report
Feb 10, 2015
Accepted (ET)
Jan 5, 2016 · 2:45 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 | Feb 10, 2015 | P | 18 | $26.463 | A | 40,127 | D | |
| CommonF2 | Jul 28, 2015 | S | 1 | $30.43 | D | 35,336 | D | |
| Common | Jan 1, 2016 | M | 8,127 | $0.00 | A | 42,558 | D | |
| Common | Jan 1, 2016 | F | 2,768 | $31.10 | D | 39,790 | D | |
| Common | holding | — | — | — | 2 | I | In 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF5,F6,F7 | — | Jan 1, 2016 | M | 8,127 | D | — | — | Common | 8,127 | 24,516 | D |
Explanation of responses
- F1Shares purchased through a broker-sponsored dividend reinvestment plan. Initially eligible for a small acquisition exemption (Code L) that became unavailable as of the date of a subsequent sale of common shares in June 2015.
- F2Cash out of a fractional share arising from the transfer of common shares by the reporting person from one brokerage account to another.
- F3Represents 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.
- F4Delivery of shares to pay taxes upon vesting of restricted stock units.
- F5Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F6Units vested on January 1, 2016.
- F7Expiration Date is the same as the Date Exercisable.