SEC Form 4 · accession 0001127602-18-009565
PROGRESSIVE CORP/OH/ · PGR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel P Mascaro
Officer — Vice Pres, Secretary and CLO
Period of report
Mar 1, 2018
Accepted (ET)
Mar 2, 2018 · 2:20 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 | Mar 1, 2018 | M | 9,421 | $0.00 | A | 33,793 | D | |
| Common | Mar 1, 2018 | F | 4,051 | $57.94 | D | 29,742 | D |
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 | — | Mar 1, 2018 | M | 9,421 | D | — | — | Common | 9,421 | 9,421 | 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 March 1, 2018.
- F4Expiration Date is the same as the Date Exercisable.