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: FREEDMAN JAMES (Senior VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-23	Common Stock	M	606	$21.86	Acquired	8401	Direct
2010-04-23	Common Stock	S	606	$32.29	Disposed	7795	Direct
2010-04-26	Common Stock	M	5394	$21.86	Acquired	13189	Direct
2010-04-26	Common Stock	S	5394	$32.29	Disposed	7795	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-23	Employee Stock Option	$21.86	M	606	Disposed	2013-11-10	Common Stock (606)	Direct
2010-04-26	Employee Stock Option	$21.86	M	5394	Disposed	2013-11-10	Common Stock (5394)	Direct

Footnotes

F1: Nine-sixtieths (9/60) of the option was vested and exercisable on the grant date. The remaining option vested in 51 equal monthly increments commencing on December 1, 2003.