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PROGRESSIVE CORP/OH/ — Director's Dealing 2014
Jan 3, 2014
29822_dirs_2014-01-03_7617c924-6d31-407f-a602-6fbf64d5782f.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: 2014-01-01
Reporting Person: KING THOMAS A (Vice President & Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-01-01 | Common | M | 3154.365 | — | Acquired | 103862.874 | Direct |
| 2014-01-01 | Common | F | 1204 | $26.99 | Disposed | 102658.874 | Direct |
| 2014-01-01 | Common | F | 1369 | $27.23 | Disposed | 101289.874 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-01-01 | Restricted Stock Unit | $ | M | 3154.365 | Disposed | Common (3154.365) | Direct | |
| 2014-01-01 | Restricted Stock Unit | $ | D | 2798 | Disposed | Common (2798) | Direct | |
| 2014-01-01 | Deferred Comp Unit | $0 | A | 2798 | Acquired | Common (2798) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 20887.106 | Indirect |
Footnotes
F1: Represents Common Shares issued upon the vesting of restricted stock unit awards, including dividend equivalent units on deferred awards. 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: Delivery of shares to pay taxes upon vesting of restricted shares.
F4: Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F5: Units vested on January 1, 2014.
F6: Expiration Date is the same as the Date Exercisable.
F7: 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.
F8: See footnotes 7 and 10.
F9: 1 for 1
F10: 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.