PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Apr 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-04-15

Reporting Person: REIDY RICHARD (Director, President and CEO.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-15	Common Stock	M	1837	$13.084	Acquired	74969	Direct
2010-04-15	Common Stock	S	1837	$32.1624	Disposed	73132	Direct
2010-04-15	Common Stock	S	18163	$32.1624	Disposed	54969	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-15	Employee Stock Option	$13.084	M	1837	Disposed	2011-10-09	Common Stock (35701)	Direct

Footnotes

F1: The option was originally granted on October 10, 2001 and vested in 60 equal monthly increments of 833.3 shares commencing on March 1, 2001.