PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Jan 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-01-12

Reporting Person: BYCOFF BARRY N (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-12	Common Stock	A	25789	—	Acquired	77872	Direct

Footnotes

F1: Represents restricted stock units acquired by reporting person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive 1 share of common stock. The restricted stock units vest in two equal installments, with the first installment vesting on October 27, 2010 and the second installment vesting on April 27, 2011.