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PROGRESS SOFTWARE CORP /MA Director's Dealing 2011

Apr 5, 2011

31754_dirs_2011-04-05_5ade3f4b-0972-4600-8f0d-9dc7f6ce74dd.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-04-01

Reporting Person: Conway Gary G (EVP, Chief Marketing Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-04-01 Common Stock F 398 $29.525 Disposed 16845 Direct
2011-04-01 Common Stock F 636 $29.525 Disposed 16209 Direct
2011-04-01 Common Stock F 128 $29.525 Disposed 16081 Direct

Footnotes

F1: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of reporting person upon the vesting of restricted stock units granted to the reporting person on October 15, 2009.

F2: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of reporting person upon the vesting of restricted stock units granted to the reporting person on January 15, 2010.

F3: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of reporting person upon the vesting of restricted stock units granted to the reporting person on April 27, 2010.

F4: Includes 386 shares acquired through Issuer's Employee Stock Purchase Plan on December 31, 2009, 376 shares acquired through Issuer's Employee Stock Purchase Plan on September 30, 2010 and 240 shares acquired through Issuer's Employee Stock Purchase Plan on December 31, 2010.