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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2013
Oct 3, 2013
31754_dirs_2013-10-03_386b6cc3-fc33-458d-96a9-d3be5e9f54a2.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: 2013-10-01
Reporting Person: Padir Karen T. (SVP, Chief Technology Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-10-01 | Common Stock | M | 8333 | — | Acquired | 13979 | Direct |
| 2013-10-01 | Common Stock | F | 2717 | $26.00 | Disposed | 11262 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-10-01 | Restricted Stock Units | $ | M | 8333 | Disposed | Common Stock (8333) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on October 15, 2012.
F3: On October 15, 2012, the reporting person was granted 50,000 restricted stock units, vesting in six equal installments beginning on April 1, 2013 and continuing every six months thereafter until fully vested, subject to the continued employment of the Reporting Person with Issuer.