PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Feb 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-02-15

Reporting Person: Levy Robert (Sr. VP, Chief Product Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-15	Employee Stock Option	$27.86	A	120000	Acquired	2017-02-14	Common Stock (120000)	Direct

Footnotes

F1: These options represent a new hire grant.

F2: Option vests in equal monthly increments over a 54 month period commencing on the first day following six months of service.