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PROGRESSIVE CORP/OH/ — Director's Dealing 2008
Jan 3, 2008
29822_dirs_2008-01-03_e84d376c-b1ec-46e4-b903-dfa357f0d140.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PROGRESSIVE CORP/OH/ (PGR)
CIK: 0000080661
Period of Report: 2008-01-01
Reporting Person: BASCH JEFFREY W (Vice Pres.& Chief)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-01-01 | Common | D | 2736. | — | Disposed | 65931. | Direct |
| 2008-01-01 | Common | F | 476. | $19.08 | Disposed | 65455. | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-01-01 | Deferred Comp Unit | $0 | A | 2736. | Acquired | Common (2736.) | Direct |
Footnotes
F1: The 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.
F2: Delivery of shares to pay taxes upon vesting of restricted shares.
F3: 1 for 1.
F4: Six (6) months and one (1) day from the date of the transactions reported herein.
F5: These units will be paid out in cash at the time elected by the reporting person, subject to the vesting provisions of the plan.