PROGRESSIVE CORP/OH/ 4
4 · PROGRESSIVE CORP/OH/ · Filed Mar 24, 2016
Insider Transaction Report
Form 4
JARRETT CHARLES E
Secretary and Chief
Transactions
- Award
Restricted Stock Unit
2016-03-22+14,511→ 48,039.721 total→ Common (14,511 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, 2016 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, 2019, 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.