PROGRESS SOFTWARE CORP /MA - Director's Dealing 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-01-20

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-20	Common Stock	M	24167	$19.25	Acquired	107698	Direct
2010-01-20	Common Stock	S	24167	$29.0519	Disposed	83531	Direct
2010-01-20	Common Stock	M	833	$23.00	Acquired	84364	Direct
2010-01-20	Common Stock	S	833	$29.0519	Disposed	83531	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-20	Employee Stock Option	$19.25	M	24167	Disposed	2010-02-18	Common Stock (24167)	Direct
2010-01-20	Employee Stock Option	$23.00	M	833	Disposed	2010-02-18	Common Stock (833)	Direct

F1: The option was originally granted on February 18, 2000 and vested in 60 equal monthly increments of 416.7 shares commencing on March 1, 2000.