PROGRESSIVE CORP/OH/ — Director's Dealing 2020

Oct 22, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PROGRESSIVE CORP/OH/ (PGR)
CIK: 0000080661
Period of Report: 2020-10-18

Reporting Person: Bailo Karen (Commercial Lines President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	33544.905	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$		Common (17036.11)		Direct

Footnotes

F1: Represents time-based restricted stock units granted to the reporting person between 2016 and the 2020. Subject to the terms of the applicable plan and award agreements, each award vests in three roughly equal installments on the third, fourth and fifth January 1st following the date of grant or, with respect to most awards, earlier if the reporting person achieves qualified retirement eligibility as defined in the plan or applicable award agreement. The following number of units are scheduled to vest on January 1st of each of the following years: 2021 - 4065.71; 2022 - 3,232.327; 2023 - 2,828.428; 2024 - 2,346.552; and 2025 - 1,939.029. An additional 2,624.064 number of units are schedule to vest on May 1, 2022.

F2: Expiration Date is the same as the Date Exercisable.

F3: Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.