SEC Form 4 · accession 0001127602-17-020480
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Cody
Officer — Chief Investment Officer
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 1:43 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 | Jun 1, 2017 | M | 31,207 | $0.00 | A | 216,326 | D | |
| Common | Jun 1, 2017 | F | 15,275 | $42.54 | D | 201,051 | D | |
| Common | holding | — | — | — | 6 | 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 UnitF3,F4,F5 | — | Jun 1, 2017 | M | 31,207 | D | — | — | Common | 31,207 | 31,207 | 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.
- F2Delivery of shares to pay taxes upon vesting of restricted stock units.
- F3Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- F4Vested as of June 1, 2017.
- F5Expiration Date is the same as the Date Exercisable.