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PROGRESSIVE CORP/OH/ — Director's Dealing 2014
Sep 3, 2014
29822_dirs_2014-09-03_ae49a497-cdbf-4c84-b113-b7b628dfce54.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: 2014-09-01
Reporting Person: Barbagallo John A (Commercial Lines Grp President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-09-01 | Common | M | 17789.209 | — | Acquired | 142988.979 | Direct |
| 2014-09-01 | Common | F | 8442 | $25.30 | Disposed | 134546.979 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-09-01 | Restricted Stock Unit | $ | M | 17789.209 | Disposed | Common (17789.209) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 16825.343 | Indirect |
Footnotes
F1: Represents Common Shares issued upon the vesting of restricted stock unit awards as a result of the reporting person having satisfied the eligibility requirements for a qualified retirement as defined in the applicable plan. This Form 4 reports the disposition of such restricted stock units in exchange for an equal number of Common Shares.
F2: Delivery of shares to pay taxes upon vesting of restricted stock units.
F3: Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F4: Vested as September 1, 2014.
F5: Expiration Date is the same as the Date Exercisable.