PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Oct 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-10-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-18	Common Stock	M	75000	$14.57	Acquired	177033	Direct
2011-10-18	Common Stock	S	75000	$21.07	Disposed	102033	Direct
2011-10-19	Common Stock	S	1777	$20.80	Disposed	100256	Direct
2011-10-19	Common Stock	S	754	$20.86	Disposed	99502	Direct
2011-10-19	Common Stock	S	3259	$20.82	Disposed	96243	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-18	Stock Option	$14.57	M	75000	Disposed	2013-11-10	Common Stock (75000)	Direct

Footnotes

F1: Nine-sixtieths of the options vested on the date of grant, thereafter the options vested in equal monthly increments over a 51 month period commencing December 1, 2003.