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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011
Oct 18, 2011
31754_dirs_2011-10-18_04a7366b-0981-4c91-ab79-0263b32b033b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-10-14
Reporting Person: NEWFIELD CRAIG (SVP and General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-10-14 | Common Stock | A | 15000 | $20.73 | Acquired | 18000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-10-14 | Stock Option | $20.73 | A | 37500 | Acquired | 2018-10-14 | Common Stock (37500) | Direct |
Footnotes
F1: Represents restricted stock units acquired by Reporting Person as part of New Hire Grant pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on April 1, 2012, subject to the continued employment of the Reporting Person with Progress Software Corporation.
F2: Represent stock options acquired by the Reporting Person as part of a New Hire Grant pursuant to the Company's 2008 Stock Option and Incentive Plan.
F3: These options vest in forty-two (42) equal monthly increments commencing on the first day of the month following the completion of six months of service by the Reporting Person.