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PROGRESSIVE CORP/OH/ — Director's Dealing 2009
Sep 14, 2009
29822_dirs_2009-09-14_cc7f8158-89ac-4ec7-97c7-647d1b3bae9f.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: 2009-09-11
Reporting Person: BASCH JEFFREY W (Vice Pres.& Chief)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-09-11 | Common | M | 14605. | $4.3801 | Acquired | 92416. | Direct |
| 2009-09-11 | Common | S | 14605. | $16.8137 | Disposed | 77811. | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-09-11 | 2000 Employee Option | $4.3801 | M | 14605. | Disposed | 2009-12-31 | Common (14605.) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 2727.743 | Indirect |
Footnotes
F1: The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $16.78 to $16.825, inclusive. The reporting person undertakes to provide to The Progressive Corporation, any security holder of The Progressive Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote 1.
F2: The option vests in three equal annual installments beginning January 1, 2003.