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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010
Jan 19, 2010
31754_dirs_2010-01-19_b632e0a9-c458-4a57-ac9f-c4f9b002237e.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: 2010-01-15
Reporting Person: Conway Gary G (SVP, Chief Marketing Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-01-15 | Common | A | 8000 | — | Acquired | 13257 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-01-15 | Employee Stock Option | $29.21 | A | 30000 | Acquired | 2017-01-14 | Common Stock (30000) | 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 one share of common stock. Each restricted stock unit vests in 6 equal semiannual installments beginning on October 1, 2010, subject to the continued employment of the reporting person with Progress Software Corporation.
F2: One-sixtieth of the option vests upon the date of issuance, with the remaining vesting occuring in equal monthly increments over a 59 month period, commencing February 1, 2010.