SHACKELFORD DONALD B 4
4 · PROGRESSIVE CORP/OH/ · Filed Apr 27, 2010
Insider Transaction Report
Form 4
SHACKELFORD DONALD B
Director
Transactions
- Disposition to Issuer
Common
2010-04-23−5,083→ 823,936 total - Award
Phantom Stock Unit / (Rest. Stock)
2010-04-23+5,083→ 11,557.247 totalExercise: $0.00→ Common (5,703.634 underlying)
Footnotes (3)
- [F1]The reporting person elected to defer receipt of previously granted restricted Common Shares upon vesting thereof. This Form 4 reports the disposition of such restricted shares in exchange for an equal number of phantom stock units under the applicable deferred compensation plan.
- [F2]1 for 1.
- [F3]These units will be paid out in an equal number of Common Shares at the time elected by the reporting person, subject to the vesting provisions of the plan.