PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Nov 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-11-17

Reporting Person: BENTON DAVID H (VP and Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-17	Common Stock	M	25000	$21.86	Acquired	50590	Direct
2010-11-17	Common Stock	S	25000	$38.25	Disposed	25590	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-17	Employee Stock Option	$21.86	M	25000	Disposed	2013-11-10	Common Stock (25000)	Direct

Footnotes

F1: Nine-sixtieths of the options vested on the date of grant, thereafter the options vested in equal monthly increments over a 51 month period commencing December 1, 2003.