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PROGRESSIVE CORP/OH/ — Director's Dealing 2009
Jan 5, 2009
29822_dirs_2009-01-05_8f5c4b5b-40e5-4d6e-af9d-75248947cc4b.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: 2009-01-01
Reporting Person: KING THOMAS A (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-01-01 | Common | D | 2012. | — | Disposed | 98336. | Direct |
| 2009-01-01 | Common | F | 1449. | $14.60 | Disposed | 96887. | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-01-01 | Deferred Comp Unit | $0 | A | 2012. | Acquired | Common (2012.) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 20682.702 | Indirect |
| Common | 17402.922 | Indirect |
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: Units will not be exercisable prior to distribution and will be distributed in an equivalent number of Common Shares at the time elected by the reporting person, subject to the payment provisions of the plan.
F5: Units will be distributed in an equivalent number of Common Shares at the time elected by the reporting person, subject to the payment provisions of the plan.