PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Jan 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2010-12-30

Reporting Person: GUPTA RAM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-30	Common Stock	M	13333	$19.51	Acquired	16420	Direct
2010-12-30	Common Stock	S	13333	$43.33	Disposed	3087	Direct
2010-12-30	Common Stock	M	9398	$19.51	Acquired	12485	Direct
2010-12-30	Common Stock	S	9398	$43.1395	Disposed	3087	Direct
2010-12-31	Common Stock	M	2269	$19.51	Acquired	5356	Direct
2010-12-31	Common Stock	S	2269	$42.70	Disposed	3087	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-30	Stock Option	$19.51	M	13333	Disposed	2015-10-14	Common Stock (13333)	Direct
2010-12-30	Stock Option	$19.51	M	9398	Disposed	2015-10-14	Common Stock (9398)	Direct
2010-12-31	Stock Option	$19.51	M	2269	Disposed	2015-10-14	Common Stock (2269)	Direct

Footnotes

F1: Six-sixtieths of the option vested on the grant date, thereafter the option vests in 54 equal monthly increments commencing on November 1, 2008.

F2: The option was fuly vested and exercisable on the grant date.