PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Apr 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-04-15

Reporting Person: FREEDMAN JAMES (SVP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-15	Common Stock	M	3750	$20.54	Acquired	17679	Direct
2011-04-15	Common Stock	S	3750	$30.32	Disposed	13929	Direct
2011-04-15	Common Stock	M	1568	$19.96	Acquired	12361	Direct
2011-04-15	Common Stock	S	1568	$30.32	Disposed	13929	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-15	Stock Option	$20.54	M	3750	Disposed	2012-11-14	Common Stock (3750)	Direct
2011-04-15	Stock Option	$19.96	M	1568	Disposed	2015-04-23	Common Stock (1568)	Direct

Footnotes

F1: Nine-sixtieths of the option vests on the date of the grant, thereafter the option vests in equal monthly increments over a 51 month period commencing December 1, 2005.

F2: Two-sixtieths (2/60) of the option vested on the grant date. The remaining options vest in equal monthly increments over a 58 month period commencing May 1, 2008.