PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

May 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-05-02

Reporting Person: GUPTA RAM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-02	Common Stock	M	3126	$13.01	Acquired	11130	Direct
2011-05-02	Common Stock	S	3126	$29.32	Disposed	8004	Direct
2011-05-04	Common Stock	S	174	$28.35	Disposed	7830	Direct
2011-05-04	Common Stock	S	100	$28.41	Disposed	7730	Direct
2011-05-04	Common Stock	S	1900	$28.39	Disposed	5830	Direct
2011-05-04	Common Stock	S	100	$28.49	Disposed	5730	Direct
2011-05-04	Common Stock	S	1000	$28.29	Disposed	4730	Direct
2011-05-04	Common Stock	S	100	$28.40	Disposed	4630	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Stock Option	$13.01	M	3126	Disposed	2015-10-15	Common Stock (3126)	Direct

Footnotes

F1: The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 17, 2011.

F2: Six - sixtieths of the option vested on the date of grant, thereafter the option vests in equal monthly increments over a 54 month period commencing on November 1, 2008.