PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Apr 29, 2010

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: ROBERTSON NORMAN R (Senior VP, Finance and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-27	Common Stock	M	35000	$18.75	Acquired	48563	Direct
2010-04-27	Common Stock	S	35000	$32.3109	Disposed	13563	Direct
2010-04-27	Common Stock	M	13000	$19.51	Acquired	26563	Direct
2010-04-27	Common Stock	S	13000	$32.3109	Disposed	13563	Direct
2010-04-27	Common Stock	M	32000	$21.45	Acquired	45563	Direct
2010-04-27	Common Stock	S	32000	$32.3109	Disposed	13563	Direct
2010-04-29	Common Stock	M	3000	$21.45	Acquired	16563	Direct
2010-04-29	Common Stock	S	3000	$32.4153	Disposed	13563	Direct
2010-04-29	Common Stock	M	27000	$21.86	Acquired	40563	Direct
2010-04-29	Common Stock	S	27000	$32.4153	Disposed	13563	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-27	Employee Stock Option	$18.75	M	35000	Disposed	2014-05-23	Common Stock (35000)	Direct
2010-04-27	Employee Stock Option	$19.51	M	13000	Disposed	2015-10-15	Common Stock (13000)	Direct
2010-04-27	Employee Stock Option	$21.45	M	32000	Disposed	2014-09-26	Common Stock (32000)	Direct
2010-04-29	Employee Stock Option	$21.45	M	3000	Disposed	2014-09-26	Common Stock (3000)	Direct
2010-04-29	Employee Stock Option	$21.86	M	27000	Disposed	2013-11-10	Common Stock (27000)	Direct

Footnotes

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

F2: Eight-sixtieths (8/60) of the option were vested and exercisable on the grant date. The remaining options vest in 52 equal monthly increments commencing on November 1, 2008.

F3: The option was originally granted on September 27, 2004 and vested in 60 equal monthly increments commencing on March 1, 2004.

F4: Nine-sixtieths (9/60) of the option were vested and exercisable on the grant date. The remaining options vested in 51 equal monthly increments commenctin on December 1, 2003.