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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010
May 5, 2010
31754_dirs_2010-05-05_1fc9ddcc-aa06-4247-9a57-fcc100867786.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: 2010-05-03
Reporting Person: FREEDMAN JAMES (Senior VP & General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-03 | Common Stock | M | 3000 | $21.86 | Acquired | 16856 | Direct |
| 2010-05-03 | Common Stock | S | 3000 | $32.391 | Disposed | 13856 | Direct |
| 2010-05-03 | Common Stock | M | 1750 | $23.07 | Acquired | 15606 | Direct |
| 2010-05-03 | Common Stock | S | 1750 | $32.391 | Disposed | 13856 | Direct |
| 2010-05-03 | Common Stock | M | 250 | $19.51 | Acquired | 14106 | Direct |
| 2010-05-03 | Common Stock | S | 250 | $32.391 | Disposed | 13856 | Direct |
| 2010-05-03 | Common Stock | M | 3000 | $22.01 | Acquired | 16856 | Direct |
| 2010-05-03 | Common Stock | S | 3000 | $32.391 | Disposed | 13856 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-03 | Employee Stock Option | $21.86 | M | 3000 | Disposed | 2013-11-10 | Common Stock (3000) | Direct |
| 2010-05-03 | Employee Stock Option | $23.07 | M | 1750 | Disposed | 2013-05-21 | Common Stock (1750) | Direct |
| 2010-05-03 | Employee Stock Option | $19.51 | M | 250 | Disposed | 2015-10-15 | Common Stock (250) | Direct |
| 2010-05-03 | Employee Stock Option | $22.01 | M | 3000 | Disposed | 2016-05-11 | Common Stock (3000) | Direct |
Footnotes
F1: Nine-sixtieths (9/60) of the option were vested and exercisable on the grant date. The remaining options vested in 51 equal monthly increments commencing on December 1, 2003
F2: 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.
F3: Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vest in 52 equal monthly increments commencing on November 1, 2008.
F4: 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, 2009.