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PROGRESSIVE CORP/OH/ — Director's Dealing 2014
May 2, 2014
29822_dirs_2014-05-02_a230ac25-2cc7-4a6e-91b9-5460d2365a98.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: 2014-05-01
Reporting Person: Domeck Brian (Vice Pres & Chief Fin Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-05-01 | Deferred Comp Unit | $ | A | 10684.5 | Acquired | Common (10684.5) | Direct | |
| 2014-05-01 | Restricted Stock Unit | $ | D | 10684.5 | Disposed | Common (10684.5) | Direct |
Footnotes
F1: 1 for 1
F2: The reporting person elected to defer receipt of Common Shares upon the vesting of previously granted restricted stock unit awards. This Form 4 reports disposition of such restricted stock units in exchange for an equal number of units under the applicable deferred compensation plan.
F3: 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.
F4: Expiration Date is the same as the Date Exercisable.
F5: Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F6: May 1, 2014