Statement of Changes in Beneficial Ownership (4)
July 19 2021 - 2:19PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Sieger Michael D |
2. Issuer Name and Ticker or Trading Symbol
PROGRESSIVE CORP/OH/
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PGR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Claims President |
(Last)
(First)
(Middle)
6300 WILSON MILLS ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/15/2021 |
(Street)
MAYFIELD VILLAGE, OH 44143
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common | 7/16/2021 | | A(1) | | 23441.05 | A | $0 | 69871.999 | D | |
Common | 7/16/2021 | | F | | 10403 | D | $94.64 | 59468.999 | D | |
Common | | | | | | | | 1.969 | I | In 401(k) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit | (2) | 7/15/2021 | | A | | 23.047 | | (3) | (4) | Common | 23.047 | $0 | 21353.38 | D | |
Deferred Comp Unit | (5) | 7/15/2021 | | A | | 10.804 | | (6) | (4) | Common | 10.804 | $0 | 10168.697 | D | |
Explanation of Responses: |
(1) | These shares were issued pursuant to the vesting of performance-based restricted stock unit awards made in 2018, including dividend equivalent units accrued since the grant date. |
(2) | Each Restricted Stock Unit represents a contingent right to receive one Common Share of the Company's stock. |
(3) | These units, which were acquired upon the reinvestment of dividend equivalents, will vest at the same time as the Restricted Stock Units to which they relate. |
(4) | Expiration Date is the same as Date Exercisable. |
(5) | 1 for 1 |
(6) | These units, which were acquired upon the reinvestment of dividend equivalents, will be paid out in cash at the time elected by the reporting person or at such other time determined in accordance with the plan. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Sieger Michael D 6300 WILSON MILLS ROAD MAYFIELD VILLAGE, OH 44143 |
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| Claims President |
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Signatures
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/s/ Laurie F. Humphrey, By Power of Attorney | | 7/19/2021 |
**Signature of Reporting Person | Date |
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