PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011

Apr 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2011-04-06

Reporting Person: LARSEN CHRISTOPHER (EVP, Global Field Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-06	Common Stock	S	2054	$30.025	Disposed	34865	Direct
2011-04-06	Common Stock	M	1351	$15.93	Acquired	36216	Direct
2011-04-06	Common Stock	S	1351	$30.03	Disposed	34865	Direct
2011-04-06	Common Stock	M	300	$15.93	Acquired	35165	Direct
2011-04-06	Common Stock	S	300	$30.02	Disposed	34865	Direct
2011-04-06	Common Stock	M	200	$15.93	Acquired	35065	Direct
2011-04-06	Common Stock	S	200	$30.01	Disposed	34865	Direct
2011-04-06	Common Stock	M	3594	$15.93	Acquired	38459	Direct
2011-04-06	Common Stock	S	3594	$30.00	Disposed	34865	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-06	Stock Option	$15.93	M	5445	Disposed	2016-10-15	Common Stock (5445)	Direct

Footnotes

F1: The option vests in equal monthly increments over a 54 month period, commencing April 1, 2010.