PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Dec 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-12-28

Reporting Person: GUPTA RAM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-28	Common Stock	S	2	$43.24	Disposed	11663	Direct
2010-12-29	Common Stock	S	8576	$43.403	Disposed	3087	Direct
2010-12-29	Common Stock	M	5665	$22.01	Acquired	8752	Direct
2010-12-29	Common Stock	S	5665	$43.425	Disposed	3087	Direct
2010-12-29	Common Stock	M	5137	$23.90	Acquired	8224	Direct
2010-12-29	Common Stock	S	5137	$43.425	Disposed	3087	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-29	Stock Option	$22.01	M	5665	Disposed	2016-05-11	Common Stock (5665)	Direct
2010-12-29	Stock Option	$23.90	M	5137	Disposed	2016-10-14	Common Stock (5137)	Direct

Footnotes

F1: The option was fully vested on the grant date.