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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011
Jan 5, 2011
31754_dirs_2011-01-05_a3e3695b-1324-4226-851e-dbacbaa29004.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: 2011-01-03
Reporting Person: BENTON DAVID H (VP and Corporate Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-03 | Common Stock | M | 500 | $18.75 | Acquired | 26090 | Direct |
| 2011-01-03 | Common Stock | S | 500 | $43.355 | Disposed | 25590 | Direct |
| 2011-01-03 | Common Stock | M | 5700 | $18.75 | Acquired | 31290 | Direct |
| 2011-01-03 | Common Stock | S | 5700 | $43.35 | Disposed | 25590 | Direct |
| 2011-01-03 | Common Stock | M | 600 | $18.75 | Acquired | 26190 | Direct |
| 2011-01-03 | Common Stock | S | 600 | $43.365 | Disposed | 25590 | Direct |
| 2011-01-03 | Common Stock | M | 4910 | $18.75 | Acquired | 30500 | Direct |
| 2011-01-03 | Common Stock | S | 4910 | $43.36 | Disposed | 25590 | Direct |
| 2011-01-05 | Common Stock | M | 5790 | $18.75 | Acquired | 31380 | Direct |
| 2011-01-05 | Common Stock | S | 5790 | $43.00 | Disposed | 25590 | Direct |
| 2011-01-05 | Common Stock | M | 17500 | $21.45 | Acquired | 43090 | Direct |
| 2011-01-05 | Common Stock | S | 17500 | $43.00 | Disposed | 25590 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-03 | Employee Stock Option | $18.75 | M | 11710 | Disposed | 2014-05-23 | Common Stock (11710) | Direct |
| 2011-01-05 | Employee Stock Option | $18.75 | M | 5790 | Disposed | 2014-05-23 | Common Stock (5790) | Direct |
| 2011-01-05 | Employee Stock Option | $21.45 | M | 17500 | Disposed | 2014-09-26 | Common Stock (17500) | Direct |
Footnotes
F1: These options invovled an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the deemed grant of a replacement option. The option was originally granted on May 24, 2004 and vested in 60 equal monthly increments commencing on March 1, 2004.
F2: These options invovled an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the deemed grant of a replacement option. The option was originally granted on September 27, 2004 and vested in 60 equal monthly increments commencing on March 1, 2004.