PROGRESS SOFTWARE CORP /MA — Director's Dealing 2012

Feb 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2012-01-16

Reporting Person: Aquilina Antonio J. (SVP, Strategy & Corp. Dev.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-16	Common Stock	A	16000	$18.82	Acquired	16000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-16	Stock Option	$18.82	A	40000	Acquired	2019-01-15	Common Stock (40000)	Direct

Footnotes

F1: Represents restricted stock units acquired by Reporting Person as part of New Hire Grant 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, 2012, subject to the continued employment of the Reporting Person with Progress Software Corporation.

F2: Represents stock options acquired by the Reporting Person as part of a New Hire Grant pursuant to the Company's 2008 Stock Option and Incentive Plan.

F3: These options vest in forty-two (42) equal monthly increments commencing on the first day of the month following the completion of six months of service by the Reporting Person.