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PROGRESSIVE CORP/OH/ Director's Dealing 2006

Jun 22, 2006

29822_dirs_2006-06-22_f75b1052-1014-4c32-9e32-188de368611c.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PROGRESSIVE CORP/OH/ (PGR)
CIK: 0000080661
Period of Report: 2006-06-12

Reporting Person: Sauerland John P (Direct Group)

Holdings (Non-Derivative)

Security Shares Ownership
Common 32076. Direct
Common 7545.32 Indirect
Common 1200. Indirect
Common 5600. Indirect
Common 5600. Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Option $10.3333 2007-12-31 Common (15600.) Direct
Employee Option $11.8333 2008-12-31 Common (14400.) Direct
Employee Option $4.8072 2009-12-31 Common (13848.) Direct
Employee Option $4.8072 2009-12-31 Common (13848.) Direct
Employee Option $4.8072 2009-12-31 Common (13848.) Direct
Employee Option $5.5468 2009-12-31 Common (3192.) Direct
Employee Option $5.5468 2009-12-31 Common (3192.) Direct
Employee Option $5.5468 2009-12-31 Common (3192.) Direct
Employee Option $7.6666 2010-12-31 Common (8604.) Direct
Employee Option $7.6666 2010-12-31 Common (8604.) Direct
Employee Option $7.6666 2010-12-31 Common (8604.) Direct
Employee Option $7.6666 2010-12-31 Common (12912.) Direct
Employee Option $13.0116 2011-12-31 Common (4932.) Direct
Employee Option $13.0116 2011-12-31 Common (4932.) Direct
Employee Option $13.0116 2011-12-31 Common (4932.) Direct
Employee Option $13.0116 2011-12-31 Common (8700.) Direct

Footnotes

F1: Includes 28,452 shares of restricted stock previously
granted to the Reporting Person pursuant to The Progressive
Corporation 2003 Incentive Plan.

F2: The Reporting Person is a general partner of the
partnership that owns the reported securities. The
Reporting Person disclaims beneficial ownership of the
reported securities except to the extent of his pecuniary
interest therein, and the inclusion of these shares in this
report shall not be deemed an admission of beneficial
ownership of all of the reported shares for purposes of
Section 16 or for any other purpose.

F3: The Reporting Person is trustee of a family trust, certain
beneficiaries of which are immediate family members of the
Reporting Person. The Reporting Person disclaims
beneficial ownership of the reported securities except to
the extent of his pecuniary interest therein (including the
pecuniary interest of such immediate family members), and
the inclusion of these shares in this report shall not be
deemed an admission of beneficial ownership of all of the
reported shares for purposes of Section 16 or for any other
purpose.

F4: All Derivative Security balances and exercise prices
reported herein have been adjusted to reflect a 4-for-1
stock split, which was effected in the form of a stock
dividend paid on May 18, 2006 to shareholders of record on
May 8, 2006. All such balances and exercise prices
reported by the Reporting Person in the future will
likewise be adjusted to reflect the stock split.