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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010
Apr 29, 2010
31754_dirs_2010-04-29_e26ac39f-36d7-4afe-a406-9bd166f93aa1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-04-27
Reporting Person: Bates John (Sr. VP,CTO,Head of Corp. Dev.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-04-27 | Common Stock | A | 9600 | — | Acquired | 19860 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-04-27 | Employee Stock Option | $31.98 | A | 36000 | Acquired | 2017-04-27 | Common Stock (36000) | Direct |
Footnotes
F1: Represents restricted stock units acquired by reporting person on April 27, 2010 pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2010, subject to the continued employment of the reporting person with Progress Software Corporation.
F2: Includes 1,430 shares acquired through Employee Stock Purchse Plan on March 31, 2010.
F3: Two-sixtieths (2/60) of the option were vested and exercisable on the grant date. The remaining options vest in 58 equal monthly increments commencing on May 1, 2010.