PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Jan 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-01-12

Reporting Person: ROBERTSON NORMAN R (Senior VP, Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-12	Common Stock	M	10000	$23.00	Acquired	23563	Direct
2010-01-12	Common Stock	S	10000	$29.6762	Disposed	13563	Direct
2010-01-13	Common Stock	M	10000	$23.00	Acquired	23563	Direct
2010-01-13	Common Stock	S	10000	$29.4176	Disposed	13563	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-12	Employee Stock Option	$23.00	M	10000	Disposed	2010-02-18	Common Stock (10000)	Direct
2010-01-13	Employee Stock Option	$23.00	M	10000	Disposed	2010-02-18	Common Stock (10000)	Direct

Footnotes

F1: This option was originally granted on February 18, 2000 and vested in 60 equal monthly increments commencing on March 1, 2000.