PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014

Oct 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2014-10-09

Reporting Person: MARK MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-09	Common Stock	M	3500	$21.50	Acquired	163929	Direct
2014-10-09	Common Stock	F	3060	$24.60	Disposed	160869	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-09	Stock Option	$21.50	M	3500	Disposed	2014-10-15	Common Stock (3500)	Direct

Footnotes

F1: This Form 4 is being filed to report the exercise of a stock option for a total of 3,500 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 440 shares of common stock.