PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Aug 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-08-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-03	Common Stock	M	45700	$9.00	Acquired	185221	Direct
2011-08-03	Common Stock	S	45700	$22.725	Disposed	139521	Direct
2011-08-03	Common Stock	M	9520	$8.827	Acquired	149041	Direct
2011-08-03	Common Stock	S	9520	$22.725	Disposed	139521	Direct
2011-08-03	Common Stock	M	7279	$9.00	Acquired	146800	Direct
2011-08-03	Common Stock	S	7279	$22.725	Disposed	141666	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-03	Stock Option	$9.00	M	45700	Disposed	2012-08-01	Common Stock (45700)	Direct
2011-08-03	Stock Option	$8.827	M	9520	Disposed	2011-10-09	Common Stock (2500)	Direct
2011-08-03	Stock Option	$9.00	M	7279	Disposed	2012-08-01	Common Stock (7279)	Direct

Footnotes

F1: Includes 2,145 shares acquired through the Issuer's Employee Stock Purchase Plan on March 31, 2011.

F2: This option involves the deemed cancellation of an "old" option and the deemed grant of a replacement option. The option was originally granted on October 10, 2001 and vested in 60 equal monthly increments commencing on March 1, 2001.

F3: This option involves the deemed cancellation of an "old" option and the deemed grant of a replacement option. The option was originally granted on August 2, 2002 and vests in 60 equal monthly increments commencing on March 1, 2002.