PROGRESSIVE CORP/OH/ 4
4 · PROGRESSIVE CORP/OH/ · Filed May 3, 2016
Insider Transaction Report
Form 4
KING THOMAS A
Vice President
Transactions
- Tax Payment
Common
2016-05-01$32.91/sh−825$27,151→ 21,543.122 total - Exercise/Conversion
Common
2016-05-01+2,511→ 22,368.122 total - Exercise/Conversion
Restricted Stock Unit
2016-05-01−2,511→ 14,689.534 total→ Common (2,511 underlying)
Holdings
- 20,887.106(indirect: 401-k Plan)
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.