PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Oct 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-10-25

Reporting Person: Andrews Joseph (SVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-25	Common Stock	M	2605	$13.01	Acquired	28968	Direct
2011-10-25	Common Stock	S	2605	$20.96	Disposed	26363	Direct
2011-10-25	Common Stock	M	1898	$13.01	Acquired	28261	Direct
2011-10-25	Common Stock	S	1898	$20.97	Disposed	26363	Direct
2011-10-25	Common Stock	M	1100	$13.01	Acquired	27463	Direct
2011-10-25	Common Stock	S	1100	$20.99	Disposed	26363	Direct
2011-10-25	Common Stock	M	1549	$13.01	Acquired	27912	Direct
2011-10-25	Common Stock	S	1549	$21.00	Disposed	26363	Direct
2011-10-25	Common Stock	M	149	$13.01	Acquired	26512	Direct
2011-10-25	Common Stock	S	149	$21.02	Disposed	26363	Direct
2011-10-25	Common Stock	M	149	$13.01	Acquired	26512	Direct
2011-10-25	Common Stock	S	149	$21.03	Disposed	26363	Direct
2011-10-25	Common Stock	M	300	$13.01	Acquired	26663	Direct
2011-10-25	Common Stock	S	300	$21.05	Disposed	26363	Direct
2011-10-25	Common Stock	M	500	$13.01	Acquired	26863	Direct
2011-10-25	Common Stock	S	500	$21.07	Disposed	26363	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-25	Common Stock	$13.01	M	8250	Disposed	2015-10-15	Common Stock (8250)	Direct

Footnotes

F1: Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vests in 52 equal monthly increments commencing on November 1, 2008.