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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2011
May 2, 2011
31754_dirs_2011-05-02_3527a005-4218-4da8-b512-1ed35a4baaff.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: 2011-04-28
Reporting Person: LARSEN CHRISTOPHER (EVP, Global Field Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-04-28 | Common Stock | A | 12600 | $29.64 | Acquired | 47465 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-04-28 | Stock Option | $29.64 | A | 45000 | Acquired | 2018-04-28 | Common Stock (45000) | Direct |
Footnotes
F1: Represents restricted stock units acquired by reporting person on April 28, 2011 pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2011, subject to the continued employment of the reporting person with Progress Software Corporation.
F2: Two-forty-eights (2/48) of the option were vested and exercisable on the grant date. The remaining options vest in 46 equal monthly increments commencing on May 1, 2011.