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PROGRESS SOFTWARE CORP /MA Director's Dealing 2010

Apr 8, 2010

31754_dirs_2010-04-08_32e0ef9d-7199-499e-bad9-b5e7451da28b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-04-06

Reporting Person: BENTON DAVID H (VP and Corporate Controller)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-04-06 Common Stock M 25000 $17.424 Acquired 46450 Direct
2010-04-06 Common Stock S 25000 $31.75 Disposed 21450 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-04-06 Employee Stock Option $17.424 M 25000 Disposed 2011-10-09 Common Stock (25000) Direct

Footnotes

F1: These options were originally granted on October 10, 2001 and vested in 60 equal monthly increments commencing on March 1, 2001.