PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Apr 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-04-14

Reporting Person: FREEDMAN JAMES (Senior VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-14	Common Stock	M	9250	$21.86	Acquired	15615	Direct
2010-04-14	Common Stock	S	9250	$32.24	Disposed	6365	Direct
2010-04-14	Common Stock	M	250	$19.51	Acquired	6615	Direct
2010-04-14	Common Stock	S	250	$32.24	Disposed	6365	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-14	Employee Stock Option	$21.86	M	9250	Disposed	2013-11-10	Common Stock (9250)	Direct
2010-04-14	Employee Stock Option	$19.51	M	250	Disposed	2015-10-15	Common Stock (250)	Direct

Footnotes

F1: Nine-sixtieths (9/60) of the option was vested and exercisable on the grant date. The remaining option vested in 51 equal monthly increments commencing on December 1, 2003.

F2: Eight-sixtieths (8/60) of the options was vested and exercisable on the grant date. The remaining option vests in 52 equal monthly increments commencing on November 1, 2008