SEC Form 4 · accession 0001127602-17-014713
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick H Nettles
Director
Period of report
Apr 13, 2017
Accepted (ET)
Apr 13, 2017 · 3:54 pm 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 | Apr 13, 2017 | D | 8,424 | $0.00 | D | 10,283 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock Unit (rest. Stock)F1,F2,F3,F4 | $0.00 | Apr 13, 2017 | A | 8,424 | A | — | — | Common | 8,424 | 115,570 | D |
Explanation of responses
- F1The reporting person elected to defer receipt of previously granted restricted common shares upon vesting thereof. This Form 4 reports the disposition of such restricted shares in exchange for an equal number of units under the applicable deferred compensation plan.
- F21 for 1
- F3These units will be paid out in an equal number of Common Shares at the time elected by the reporting person, subject to the vesting provisions of the plan.
- F4Expiration Date is the same as the Date Exercisable.