PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Oct 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-10-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-27	Common Stock	M	43749	$14.30	Acquired	139992	Direct
2011-10-27	Common Stock	S	43749	$22.24	Disposed	96243	Direct
2011-10-27	Common Stock	M	69840	$14.63	Acquired	166083	Direct
2011-10-27	Common Stock	S	69840	$22.24	Disposed	96243	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-27	Stock Option	$14.30	M	43749	Disposed	2014-09-26	Common Stock (43749)	Direct
2011-10-27	Stock Option	$14.67	M	69840	Disposed	2016-05-12	Common Stock (69840)	Direct

Footnotes

F1: The option was originally granted on September 27, 2004 and vested in 60 equal monthly increments of 583.3 shares commencing on March 1, 2004.

F2: Three - sixtieths of the option vests on the date of grant, thereafter the option vests in equal monthly increments over a 57 month period commencing on June 1, 2009.