Filing Details

Accession Number:
0000080661-11-000090
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-12-20 15:16:12
Reporting Period:
2011-12-19
Filing Date:
2011-12-20
Accepted Time:
2011-12-20 15:16:12
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
80661 Progressive Corp PGR Fire, Marine & Casualty Insurance (6331) 340963169
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1218679 M William Cody 6300 Wilson Mills Road
Mayfield Village OH 44143
Chief Investment No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Acquisiton 2011-12-19 28,669 $11.28 226,403 No 4 M Direct
Common Disposition 2011-12-19 5,000 $18.49 221,403 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common 2002 Employee Option Disposition 2011-12-19 21,751 $0.00 21,751 $11.28
Common 2002 Employee Option Disposition 2011-12-19 6,918 $0.00 6,918 $11.28
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
6,918 2011-12-31 No 4 M Direct
0 2003-07-16 2011-12-31 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common 17,744 Indirect 401(K) Plan
Footnotes
  1. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $18.461 to $18.500, inclusive. The reporting person undertakes to provide to The Progressive Corporation, any security holder of The Progressive Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote 1.
  2. This option previously was reported as an option covering 20,703 shares at an exercise price of $11.8556 per share, and it has been adjusted by the Board of Directors pursuant to the terms of The Progressive Corporation 1995 Incentive Plan, as approved by shareholders, in connection with the $1.00 per Common Share extraordinary dividend paid on December 29, 2010 to shareholders of record on December 20, 2010.
  3. The option vests in three equal annual installments beginning January 1, 2005.
  4. This option previously was reported as an option covering 6,585 shares at an exercise price of $11.8556 per share, and it has been adjusted by the Board of Directors pursuant to the terms of The Progressive Corporation 1995 Incentive Plan, as approved by shareholders, in connection with the $1.00 per Common Share extraordinary dividend paid on December 29, 2010 to shareholders of record on December 20, 2010.