PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Apr 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-04-15

Reporting Person: Bates John (SVP, CTO, Head of Corp. Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-15	Common Stock	S	4002	$30.31	Disposed	18043	Direct
2011-04-15	Common Stock	M	500	$19.53	Acquired	18543	Direct
2011-04-15	Common Stock	S	500	$30.28	Disposed	18043	Direct
2011-04-15	Common Stock	M	4500	$19.53	Acquired	22543	Direct
2011-04-15	Common Stock	S	4500	$30.253	Disposed	18043	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-15	Stock Option	$19.53	M	5000	Disposed	2012-04-14	Common Stock (5000)	Direct

Footnotes

F1: This option grant reflects an amended option grant where "old" options were cancelled and "new" options were issued as replacement options. The option was originally granted on November 15, 2005 with nine-sixtieths (9/60) of the options vesting on the grant date and the remaining options vested in 51 equal monthly increments commencing on December 1, 2005.