PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Jan 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-01-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-07	Common Stock	S	12717	$43.18	Disposed	86597	Direct
2011-01-07	Common Stock	M	167	$13.24	Acquired	86764	Direct
2011-01-07	Common Stock	S	167	$43.32	Disposed	86597	Direct
2011-01-07	Common Stock	M	200	$13.24	Acquired	86797	Direct
2011-01-07	Common Stock	S	200	$43.31	Disposed	86597	Direct
2011-01-07	Common Stock	M	300	$13.24	Acquired	86897	Direct
2011-01-07	Common Stock	S	300	$43.30	Disposed	86597	Direct
2011-01-07	Common Stock	M	200	$13.24	Acquired	86797	Direct
2011-01-07	Common Stock	S	200	$43.29	Disposed	86597	Direct
2011-01-07	Common Stock	M	100	$13.24	Acquired	86697	Direct
2011-01-07	Common Stock	S	100	$43.28	Disposed	86597	Direct
2011-01-07	Common Stock	M	19033	$13.24	Acquired	105630	Direct
2011-01-07	Common Stock	S	19033	$43.25	Disposed	86597	Direct
2011-01-07	Common Stock	M	4203	$13.24	Acquired	90800	Direct
2011-01-07	Common Stock	S	4203	$43.36	Disposed	86597	Direct
2011-01-07	Common Stock	M	200	$13.24	Acquired	86797	Direct
2011-01-07	Common Stock	S	200	$43.35	Disposed	86597	Direct
2011-01-07	Common Stock	M	100	$13.24	Acquired	86697	Direct
2011-01-07	Common Stock	S	100	$43.33	Disposed	86597	Direct
2011-01-07	Common Stock	M	200	$13.24	Acquired	86797	Direct
2011-01-07	Common Stock	S	200	$43.29	Disposed	86597	Direct
2011-01-07	Common Stock	M	600	$13.24	Acquired	87197	Direct
2011-01-07	Common Stock	S	600	$43.28	Disposed	86597	Direct
2011-01-07	Common Stock	M	100	$13.24	Acquired	86697	Direct
2011-01-07	Common Stock	S	100	$43.27	Disposed	86597	Direct
2011-01-07	Common Stock	M	24597	$13.24	Acquired	111194	Direct
2011-01-07	Common Stock	S	24597	$43.25	Disposed	86597	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-07	Employee Stock Option	$13.24	M	50000	Disposed	2012-08-01	Common Stock (50000)	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 August 2, 2002 and vested in 60 equal monthly increments of 1,666.7 shares commencing on March 1, 2002.