PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Aug 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-07-30

Reporting Person: Conway Gary G (EVP, Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-30	Common Stock	S	500	$30.1418	Disposed	14576	Direct
2010-08-02	Common Stock	M	6944	$17.05	Acquired	21520	Direct
2010-08-02	Common Stock	S	6944	$30.04	Disposed	14576	Direct
2010-08-02	Common Stock	M	6889	$21.44	Acquired	21465	Direct
2010-08-02	Common Stock	S	6889	$30.04	Disposed	14576	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-02	Employee Stock Option	$17.05	M	6944	Disposed	2016-01-14	Common Stock (6944)	Direct
2010-08-02	Employee Stock Option	$21.44	M	6889	Disposed	2016-07-15	Common Stock (6889)	Direct

Footnotes

F1: The option vests in equal monthly increments over a 54 month period which commenced on the first day following the Reporting Person completing six months of service with Issuer.