PROGRESS SOFTWARE CORP /MA — Director's Dealing 2010

Apr 26, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-04-22

Reporting Person: Andrews Joseph (VP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-22	Common Stock	M	11000	$15.07	Acquired	19322	Direct
2010-04-22	Common Stock	S	11000	$32.2502	Disposed	8322	Direct
2010-04-22	Common Stock	M	13000	$13.50	Acquired	21322	Direct
2010-04-22	Common Stock	S	13000	$32.2502	Disposed	8322	Direct
2010-04-22	Common Stock	S	1874	$32.25	Disposed	6448	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-22	Employee Stock Option	$15.07	M	11000	Disposed	2013-02-23	Common Stock (11000)	Direct
2010-04-22	Employee Stock Option	$13.50	M	13000	Disposed	2012-08-01	Common Stock (13000)	Direct

Footnotes

F1: Includes 1,148 shares acquired through Employee Stock Purchse Plan on March 31, 2010.

F2: These options were originally granted on February 24, 2003 and vested in 60 equal monthly increments commencing on March 1, 2003.

F3: These options were originally granted on August 2, 2002 and vested in 54 equal monthly increments commencing on September 1, 2002.