PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Nov 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-11-18

Reporting Person: Goodson John (SVP & Interim Chief Prod Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-18	Common Stock	M	2916	$19.51	Acquired	15160	Direct
2010-11-18	Common Stock	S	2916	$38.795	Disposed	12244	Direct
2010-11-18	Common Stock	M	1377	$22.01	Acquired	13621	Direct
2010-11-18	Common Stock	S	1377	$38.795	Disposed	12244	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-18	Employee Stock Option	$19.51	M	2916	Disposed	2015-10-15	Common Stock (2916)	Direct
2010-11-18	Employee Stock Option	$22.01	M	1377	Disposed	2016-05-11	Common Stock (1377)	Direct

Footnotes

F1: Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vest in 52 equal monthly increments commencing on November 1, 2008

F2: Three-sixtieths (3/60) of the options were vested and exercisable on the grant date. The remaining options vest in 58 equal monthly increments commencing on June 1, 2009.