PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Apr 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-04-25

Reporting Person: Kane Charles Francis (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-25	Common Stock	M	17796	$13.00	Acquired	50146	Direct
2011-04-25	Common Stock	S	17796	$29.453	Disposed	32350	Direct
2011-04-25	Common Stock	M	8497	$14.673	Acquired	40747	Direct
2011-04-25	Common Stock	S	8497	$29.453	Disposed	32350	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-25	Stock Option	$13.00	M	17796	Disposed	2015-10-15	Common Stock (17796)	Direct
2011-04-25	Stock Option	$14.673	M	8497	Disposed	2016-05-12	Common Stock (8497)	Direct

Footnotes

F1: This share amount has been adjusted to reflect the Issuer's 3-for-2 stock split which was completed on January 28, 2011.

F2: The exercise price and number of underlying securities have been adjusted as a result of the 3-for-2 stock split completed by the Issuer on January 28, 2011.

F3: This option was fully vested and exercisable on the grant date.