SEC Form 4 · accession 0001127602-16-050612
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
May 1, 2016
Accepted (ET)
May 3, 2016 · 7:00 am EDT
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 |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | May 1, 2016 | M | 7,256 | $0.00 | A | 34,532 | D | |
| Common | May 1, 2016 | F | 3,443 | $32.91 | D | 31,089 | D | |
| Common | holding | — | — | — | 5,376 | I | 401(k) Plan |
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,F4 | — | May 1, 2016 | M | 7,256 | D | — | — | Common | 7,256 | 40,784 | D |
Explanation of responses
- F1Represents Common Shares issued upon the vesting of restricted stock unit awards as a result of the reporting person having satisfied the eligibility requirements for a qualified retirement as defined in the applicable plan or award agreement. This Form 4 reports the disposition of such restricted stock units in exchange for an equal number of Common Shares.
- F2Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F3Vested as of May 1, 2016.
- F4Expiration Date is the same as the Date Exercisable.