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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2013
Jan 24, 2013
31754_dirs_2013-01-24_93500826-cf2c-47fe-9617-4bdccd1c4b13.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: 2013-01-22
Reporting Person: PEAD PHILIP M (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-01-22 | Common Stock | A | 300000 | — | Acquired | 352507 | Direct |
| 2013-01-22 | Common Stock | A | 1480 | — | Acquired | 353987 | Direct |
Footnotes
F1: Represents restricted stock units acquired by the Reporting Person 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. The restricted stock units vest in six equal semiannual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Progress Software Corporation.
F2: Represents restricted stock units acquired by the Reporting Person pursuant to the terms of the Reporting Person's Executive Chairman employment letter. The restricted stock units vests in two installments on August 1, 2013 and February 1, 2014, subject to the continued employment of the Reporting Person with Progess Software Corporation.