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PROGRESSIVE CORP/OH/ — Director's Dealing 2013
Feb 4, 2013
29822_dirs_2013-02-04_b38263b9-652e-4fb4-8432-7ee011cda625.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: 2013-02-01
Reporting Person: KING THOMAS A (Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-02-01 | Deferred Comp Unit | $0 | A | 272.672 | Acquired | Common (272.672) | Direct | |
| 2013-02-01 | Restricted Stock Unit | $ | A | 272.226 | Acquired | Common (272.226) | Direct |
Footnotes
F1: 1 for 1.
F2: These units were acquired upon the reinvestment of dividends pursuant to the terms of the plan.
F3: Units deferred from restricted stock awards made prior to March 2005 will be exercisable six (6) months and one (1) day from the date of the transactions reported herein. Units deferred from restricted stock awards made on or after March 2005 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. Dividend equivalent units related to restricted stock awards made on or after March 2005 will be distributed in cash at the same time as the restricted stock unit awards to which they relate.
F4: Units deferred from restricted stock awards made prior to March 2005 and dividend equivalent units related to restricted stock awards made on or after March 2005 will be paid out in cash at the time elected by the reporting person subject to the payment provisions of the plan. Units deferred from restricted stock awards made on or after March 2005 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: Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F6: These units were acquired upon the reinvestment of dividend equivalents pursuant to the terms of the plan.
F7: These units, which were acquired upon the reinvestment of dividend equivalents, will vest at the same time as the Restricted Stock Units to which they relate.
F8: Expiration Date is the same as the Date Exercisable.