PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014

Nov 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2014-11-03

Reporting Person: KRALL DAVID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-03	Common Stock	M	6298	$19.96	Acquired	281083	Direct
2014-11-03	Common Stock	S	6298	$25.95	Disposed	274785	Direct
2014-11-03	Common Stock	M	422	$19.96	Acquired	275207	Direct
2014-11-03	Common Stock	S	422	$25.95	Disposed	274785	Direct
2014-11-04	Common Stock	M	37078	$19.96	Acquired	311863	Direct
2014-11-04	Common Stock	S	37078	$25.95	Disposed	274785	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-03	Stock Option	$19.96	M	6298	Disposed	2015-04-23	Common Stock (6298)	Direct
2014-11-03	Stock Option	$19.96	M	422	Disposed	2015-04-23	Common Stock (422)	Direct
2014-11-04	Stock Option	$19.96	M	37078	Disposed	2015-04-23	Common Stock (37078)	Direct

Footnotes

F1: The option is exercisable in full on the date of grant.

F2: Three-sixtieths of the option vested on the date of grant, thereafter the option vested in equal monthly increments over a 57 month period commencing May 1, 2008.