PROGRESSIVE CORP/OH/ — Director's Dealing 2020

Jan 13, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PROGRESSIVE CORP/OH/ (PGR)
CIK: 0000080661
Period of Report: 2020-01-03

Reporting Person: Bauer Jonathan S. (Chief Investment Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	6575.46	Direct
Common	101.092	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$		Common (8560.718)		Direct

Footnotes

F1: Represents time-based restricted stock units granted to the reporting person between 2016 and the 2019. 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 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 - 3,516.383; 2022 - 2,788.308; 2023 - 1,543.262; and 2024 - 712.765.

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.