PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Apr 21, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-04-20

Reporting Person: FREEDMAN JAMES (Senior VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-20	Common Stock	M	5375	$21.86	Acquired	13170	Direct
2010-04-20	Common Stock	S	5375	$31.99	Disposed	7795	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-20	Employee Stock Option	$21.86	M	5375	Disposed	2013-11-10	Common Stock (5375)	Direct

Footnotes

F1: Includes 1,430 shares acquired through Employee Stock Purchase Plan on March 31, 2010.

F2: 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.