PROGRESSIVE CORP/OH/ 4
4 · PROGRESSIVE CORP/OH/ · Filed May 3, 2016
Insider Transaction Report
Form 4
JARRETT CHARLES E
Secretary and Chief
Transactions
- Exercise/Conversion
Restricted Stock Unit
2016-05-01−7,255.5→ 40,784.221 total→ Common (7,255.5 underlying) - Exercise/Conversion
Common
2016-05-01+7,255.5→ 34,531.582 total - Tax Payment
Common
2016-05-01$32.91/sh−3,443$113,309→ 31,088.582 total
Holdings
- 5,376.075(indirect: By 401(k))
Common
Footnotes (4)
- [F1]Represents Common Shares issued upon the vesting of restricted stock unit awards as a result of the reporting person having satisfied the eligibility requirements for a qualified retirement as defined in the applicable plan or award agreement. This Form 4 reports the disposition of such restricted stock units in exchange for an equal number of Common Shares.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock.
- [F3]Vested as of May 1, 2016.
- [F4]Expiration Date is the same as the Date Exercisable.