SEC Form 4 · accession 0001127602-17-000442
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, 2017
Accepted (ET)
Jan 4, 2017 · 1:28 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, 2017 | M | 21,839 | $0.00 | A | 373,586 | D | |
| Common | Jan 1, 2017 | F | 7,347 | $35.51 | D | 366,239 | D | |
| Common | holding | — | — | — | 11,015 | 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 UnitF2,F3,F4 | — | Jan 1, 2017 | M | 21,839 | D | — | — | Common | 21,839 | 56,981 | 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.
- F2Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F3Units vested on January 1, 2017.
- F4Expiration Date is the same as the Date Exercisable.