PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Mar 30, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-03-25

Reporting Person: Goodson John (VP & General Mgr. DataDirect)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-25	Common Stock	M	10208	$23.07	Acquired	17589	Direct
2010-03-25	Common Stock	S	10208	$32.60	Disposed	7381	Direct
2010-03-25	Common Stock	M	6667	$21.45	Acquired	14048	Direct
2010-02-25	Common Stock	S	6667	$32.60	Disposed	7381	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-25	Employee Stock Option	$23.07	M	10208	Disposed	2013-05-21	Common Stock (10208)	Direct
2010-03-25	Employee Stock Option	$21.45	M	6667	Disposed	2014-09-26	Common Stock (6667)	Direct

Footnotes

F1: Three-sixtieths (3/60) of the options were vested and exercisable on the grant date. The remaining options vest in 57 equal monthly increments commencing on June 1, 2006.

F2: Nine-sixtieths (9/60) of the options were vested and exercisable on the grant date. The remaining options vested in 51 equal monthly increments commencing on December 1, 2005.