SEC Form 4 · accession 0001127602-16-047411
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey W Basch
Officer — Vice Pres & Chief Acct Officer
Period of report
Mar 22, 2016
Accepted (ET)
Mar 24, 2016 · 10:15 am EDT
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 | — | Mar 22, 2016 | A | 3,630 | A | — | — | Common | 3,630 | 12,195 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F2Fifty percent of these restricted stock units will vest on May 1, 2016 as a result of qualified retirement eligibility provisions contained in the plan and the award agreement; the remaining fifty percent of these units will vest in three equal annual installments beginning January 1, 2019, subject to earlier vesting or forfeiture in accordance with the provisions of the plan and the award agreement.
- F3Expiration Date is the same as the Date Exercisable.