SEC Form 4 · accession 0001127602-16-041455
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
Feb 12, 2016
Accepted (ET)
Feb 16, 2016 · 4:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000080661
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2,F3 | — | Feb 12, 2016 | A | 934 | A | — | — | Common | 934 | 33,529 | D |
| Deferred Comp UnitF4,F5,F3 | $0.00 | Feb 12, 2016 | A | 12,252 | A | — | — | Common | 12,252 | 441,571 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F2These units, which were acquired upon the reinvestment of dividend equivalents, will vest at the same time as the Restricted Stock Units to which they relate.
- F3Expiration Date is the same as the Date Exercisable.
- F41 for 1
- F5These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan.