PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Apr 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-04-27

Reporting Person: KRALL DAVID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-26	Common Stock	M	6713	$13.01	Acquired	25127	Direct
2011-04-26	Common Stock	S	6713	$29.525	Disposed	18414	Direct
2011-04-26	Common Stock	M	6241	$13.01	Acquired	24655	Direct
2011-04-26	Common Stock	S	6241	$29.50	Disposed	18414	Direct
2011-04-27	Common Stock	M	1665	$13.01	Acquired	20079	Direct
2011-04-27	Common Stock	S	1665	$29.50	Disposed	18414	Direct
2011-04-27	Common Stock	M	8497	$14.67	Acquired	26911	Direct
2011-04-27	Common Stock	S	8497	$29.50	Disposed	18414	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-26	Stock Option	$13.01	M	12954	Disposed	2015-10-15	Common Stock (12954)	Direct
2011-04-27	Stock Option	$13.01	M	1665	Disposed	2015-10-15	Common Stock (1665)	Direct
2011-04-27	Stock Option	$14.67	M	8497	Disposed	2016-05-12	Common Stock (8497)	Direct

Footnotes

F1: This share amount has been adjusted to reflect the Issuer's 3-for-2 stock split which was completed on January 28, 2011.

F2: The exercise price and number of underlying securities have been adjusted as a result of the 3-for-2 stock split completed by the Issuer on January 28, 2011.

F3: The option was exercisable in full on the date of grant.