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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010
Nov 23, 2010
31754_dirs_2010-11-23_fbaffd54-dce5-4000-8e45-09c5783fe056.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-11-15
Reporting Person: WAGNER CHARLES F JR (EVP Finance & Admin and CFO)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 32000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option | $39.03 | 2017-11-15 | Common Stock (120000) | Direct |
Footnotes
F1: Represents restricted stock units acquired by reporting person as New Hire Grant, 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 April 1, 2011, subject to the continued employment of the reporting person with Progress Software Corporation.
F2: Option vests in equal monthly increments over a 54 month period commencing on the first day following six months of service.
F3: Shares represent New Hire Grant.