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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014
Oct 3, 2014
31754_dirs_2014-10-03_1e172b41-7fdf-4451-ada5-e13ad5bfe306.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: 2014-10-01
Reporting Person: FABERMAN STEPHEN H (SVP and General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-10-01 | Common Stock | M | 434 | — | Acquired | 25815 | Direct |
| 2014-10-01 | Common Stock | F | 142 | $23.79 | Disposed | 25673 | Direct |
| 2014-10-01 | Common Stock | M | 2500 | — | Acquired | 28173 | Direct |
| 2014-10-01 | Common Stock | F | 814 | $23.79 | Disposed | 27359 | Direct |
| 2014-10-01 | Common Stock | M | 2500 | — | Acquired | 29859 | Direct |
| 2014-10-01 | Common Stock | F | 814 | $23.79 | Disposed | 29045 | Direct |
| 2014-10-01 | Common Stock | M | 292 | — | Acquired | 29337 | Direct |
| 2014-10-01 | Common Stock | F | 95 | $23.79 | Disposed | 29241 | Direct |
| 2014-10-01 | Common Stock | M | 1084 | — | Acquired | 30325 | Direct |
| 2014-10-01 | Common Stock | F | 353 | $23.79 | Disposed | 29972 | Direct |
| 2014-10-01 | Common Stock | M | 1966 | — | Acquired | 31938 | Direct |
| 2014-10-01 | Common Stock | F | 640 | $23.79 | Disposed | 31298 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-10-01 | Restricted Stock Units | $ | M | 434 | Disposed | Common Stock (434) | Direct | |
| 2014-10-01 | Restricted Stock Units | $ | M | 2500 | Disposed | Common Stock (2500) | Direct | |
| 2014-10-01 | Restricted Stock Units | $ | M | 2500 | Disposed | Common Stock (2500) | Direct | |
| 2014-10-01 | Restricted Stock Units | $ | M | 292 | Disposed | Common Stock (292) | Direct | |
| 2014-10-01 | Restricted Stock Units | $ | M | 1084 | Disposed | Common Stock (1084) | Direct | |
| 2014-10-01 | Restricted Stock Units | $ | M | 1966 | Disposed | Common Stock (1966) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Includes 999 shares of common stock acquired through the Employee Stock Purchase Plan: 788 shares on March 31, 2014 and 211 shares on June 30, 2014.
F3: 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 May 28, 2012.
F4: 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 January 22, 2013.
F5: 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 January 22, 2013.
F6: 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 January 22, 2013.
F7: 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 January 13, 2014.
F8: 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 January 7, 2014.
F9: On May 28, 2012, the Reporting Person was granted 2,600 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2012, subject to the continued employment of the Reporting Person with Issuer.
F10: On January 22, 2013, the Reporting Person was granted 15,000 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Issuer.
F11: On January 22, 2013, the Reporting Person was granted 10,000 restricted stock units,vesting in four equal semi-annual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Issuer.
F12: On January 22, 2013, the Reporting Person was granted 1,750 restricted stock units, vesting in five installments, with one-third vesting on April 1, 2013 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
F13: On January 13, 2014, the Reporting Person was granted 6,505 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer.
F14: On January 7, 2014, the Reporting Person was granted 11,800 restricted stock units, vesting in five installments, with one-third vesting on April 1, 2014 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.