PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Apr 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-04-26

Reporting Person: FREEDMAN JAMES (SVP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-26	Common Stock	M	12000	$20.54	Acquired	25929	Direct
2011-04-26	Common Stock	S	12000	$29.50	Disposed	13929	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-26	Stock Option	$20.54	M	12000	Disposed	2012-11-14	Common Stock (12000)	Direct

Footnotes

F1: The option vested in 60 equal monthly increments commencing on March 1, 2005.