PROGRESSIVE CORP/OH/ 4
4 · PROGRESSIVE CORP/OH/ · Filed Mar 26, 2015
Insider Transaction Report
Form 4
KING THOMAS A
Vice President
Transactions
- Award
Restricted Stock Unit
2015-03-24+6,267→ 21,776.469 total→ Common (6,267 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- [F2]Fifty percent of these restricted stock units will vest on May 1, 2015 as a result of qualified retirement eligibility provisions contained in the plan and the award agreement; the remaining fifty percent of these units will vest in three equal annual installments beginning January 1, 2018, subject to earlier vesting or forfeiture in accordance with the provisions of the plan and the award agreement.
- [F3]Expiration Date is the same as the Date Exercisable.