PROGRESS SOFTWARE CORP /MA — Director's Dealing 2013

Aug 5, 2013

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2013-07-10

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16183	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$18.82	2019-01-15	Common Stock (40000)		Direct
Restricted Stock Unit	$0		Common Stock (16000)		Direct
Restricted Stock Unit	$0		Common Stock (16250)		Direct
Restricted Stock Unit	$0		Common Stock (15000)		Direct
Restricted Stock Unit	$0		Common Stock (10000)		Direct
Restricted Stock Unit	$0		Common Stock (10938)		Direct

Footnotes

F1: These options vest in forty-two (42) equal monthly increments commencing on July 1, 2012.

F2: As of the date of this filing, options to purchase 12,381 shares have vested.

F3: 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.

F4: As of the date of this filing, 5,332 restricted stock units have vested.

F5: 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. 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.

F6: As of the date of this filing, 5,416 restricted stock units have vested.

F7: 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. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Progress Software Corporation.

F8: 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. Each restricted stock unit vests in four equal semiannual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Progress Software Corporation.

F9: 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. 3,645 restricted stock units vested on April 1, 2013. The remaining restricted stock units vest in four equal semiannual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Progress Software Corporation.

F10: As of the date of this filing, 3,645 restricted stock units have vested.