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PROGRESSIVE CORP/OH/ — Director's Dealing 2014
Jan 3, 2014
29822_dirs_2014-01-03_3b9c6dce-3ba1-435a-8453-d746deb34a66.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: JARRETT CHARLES E (Vice Pres, Secretary & CLO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-07-23 | Common | G | 5496.036 | — | Disposed | 60749 | Direct |
| 2014-01-01 | Common | D | 11389 | — | Disposed | 49360 | Direct |
| 2014-01-01 | Common | F | 3021 | $26.99 | Disposed | 46339 | Direct |
| 2014-01-01 | Common | M | 8579.969 | — | Acquired | 54918.969 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-01-01 | Deferred Comp Unit | $0 | A | 19037 | Acquired | Common (19037) | Direct | |
| 2014-01-01 | Restricted Stock Unit | $ | D | 7648 | Disposed | Common (7648) | Direct | |
| 2014-01-01 | Restricted Stock Unit | $ | M | 8579.969 | Disposed | Common (8579.969) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common | 4790.223 | Indirect |
Footnotes
F1: The reporting person elected to defer receipt of Common Shares upon the vesting of previously granted restricted stock and restricted stock unit awards. This Form 4 reports disposition of such restricted shares and restricted stock units in exchange for an equal number of units under the appliable deferred compensation plan.
F2: Delivery of shares to pay taxes upon vesting of restricted stock units that were not deferred.
F3: 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.
F4: 1 for 1.
F5: See footnote 1.
F6: 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.
F7: Expiration Date is the same as the Date Exercisable.
F8: Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
F9: See footnote 1.
F10: See footnotes 1 and 6.
F11: See footnote 3.
F12: Units vested on January 1, 2014.