PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Jan 15, 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: Goodson John (VP & General Mgr. DataDirect)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-12	Common Stock	M	5333	$18.75	Acquired	13671	Direct
2010-01-12	Common Stock	S	5333	$29.6367	Disposed	8338	Direct
2010-01-12	Common Stock	M	1000	$21.45	Acquired	9338	Direct
2010-01-12	Common Stock	S	1000	$29.6367	Disposed	8338	Direct
2010-01-12	Common Stock	M	7367	$19.51	Acquired	15705	Direct
2010-01-12	Common Stock	S	7367	$29.6367	Disposed	8338	Direct
2010-01-12	Common Stock	S	957	$29.64	Disposed	7381	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-12	Employee Stock Option	$18.75	M	5333	Disposed	2014-05-23	Common Stock (5333)	Direct
2010-01-12	Employee Stock Option	$21.45	M	1000	Disposed	2014-09-26	Common Stock (1000)	Direct
2010-01-12	Employee Stock Option	$19.51	M	7367	Disposed	2015-10-14	Common Stock (7367)	Direct

Footnotes

F1: The Option was originally granted on May 24, 2004 and vests in 60 equal monthly increments commencing on March 1, 2004.

F2: The option was originally granted on September 27, 2004 and vests in 60 equal monthly increments commencing on March 1, 2004.

F3: The option was originally granted on October 15, 2008, with eight-sixtieths of this option vested and the remaining options vest in 52 equal monthly increments commencing on November 1, 2008.