PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Apr 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-04-23

Reporting Person: BENTON DAVID H (VP and Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-23	Common Stock	M	25000	$16.99	Acquired	47197	Direct
2010-04-23	Common Stock	S	25000	$32.185	Disposed	22197	Direct
2010-04-23	Common Stock	M	8007	$13.50	Acquired	30204	Direct
2010-04-23	Common Stock	S	8007	$32.185	Disposed	22197	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-23	Employee Stock Option	$16.99	M	25000	Disposed	2013-02-23	Common Stock (25000)	Direct
2010-04-23	Employee Stock Option	$13.50	M	8007	Disposed	2012-08-01	Common Stock (8007)	Direct

Footnotes

F1: Includes 747 shares purchased through Employee Stock Purchase Plan on March 31, 2010.

F2: The option was originally granted on February 24, 2003 and vested in 60 equal monthly increments commencing on March 1, 2003.

F3: The option was originally granted on August 2, 2002 and vested in 60 equal monthly increments commencing on March 1, 2002.