PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Apr 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-04-01

Reporting Person: LARSEN CHRISTOPHER (EVP, Global Field Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-01	Common Stock	F	630	$31.395	Disposed	27370	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-27	Employee Stock Option	$31.98	A	35000	Acquired	2017-04-27	Common Stock (35000)	Direct

Footnotes

F1: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of reporting person upon the vesting of restricted stock units granted to the reporting person on May 12, 2009.

F2: The option represents shares granted as part of a new hire option grant and vests in 54 equal monthly increments commencing on the first day of the month following the completion of six months of service by the reporting person.