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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2013
May 21, 2013
31754_dirs_2013-05-21_166e292a-62fc-463f-bfac-bb15302c896a.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: 2013-05-17
Reporting Person: MARK MICHAEL (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-05-17 | Common Stock | M | 16687 | $15.38 | Acquired | 49501 | Direct |
| 2013-05-17 | Common Stock | F | 10676 | $24.04 | Disposed | 38825 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-05-17 | Stock Option | $15.38 | D | 16687 | Acquired | 2013-05-21 | Common Stock (16687) | Direct |
Footnotes
F1: This Form is being filed to report the exercise of a stock option for a total of 16,687 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder attests to the ownership of enough shares of stock already owned by the option holder to cover the exercise price of the option being exercised. As a result of this stock swap, the Reporting Person acquired ownership of an additional 6,011 shares of common stock.
F2: The option was fully vested and exercisable on the date of grant, May 22, 2006.