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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014
Sep 18, 2014
31754_dirs_2014-09-18_6834bfc2-77ec-411c-bea9-afb2841830f8.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PROGRESS SOFTWARE CORP /MA (PGS)
CIK: 0000876167
Period of Report: 2014-09-01
Reporting Person: Benedict Michael (Pres, Business Unit Executive)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 16701 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option | $19.96 | 2015-04-23 | Common Stock (1500) | Direct | |
| Stock Option | $13.07 | 2015-10-15 | Common Stock (1500) | Direct | |
| Stock Option | $14.67 | 2016-05-11 | Common Stock (900) | Direct | |
| Stock Option | $15.93 | 2016-10-15 | Common Stock (12900) | Direct | |
| Stock Option | $21.32 | 2017-04-26 | Common Stock (4500) | Direct | |
| Stock Option | $29.64 | 2018-04-27 | Common Stock (1500) | Direct | |
| Restricted Stock Units | $0 | Common Stock (7800) | Direct | ||
| Restricted Stock Units | $0 | Common Stock (15000) | Direct | ||
| Restricted Stock Units | $0 | Common Stock (5250) | Direct | ||
| Restricted Stock Units | $0 | Common Stock (6295) | Direct | ||
| Restricted Stock Units | $0 | Common Stock (11800) | Direct | ||
| Performance Share Units | $0 | Common Stock (6295) | Direct |
Footnotes
F1: This option grant reflects an amended option grant where "old" options were cancelled and "new" options were issued as replacement options. The option was originally granted on September 27, 2004 with seven-sixtieths (7/60) of the options vesting on the grant date and the remaining options vested in 53 equal monthly increments commencing on October 1, 2004.
F2: As of the date of this filing, these options have fully vested and 651 shares were already sold.
F3: Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vested in 52 equal monthly increments commencing on November 1, 2008.
F4: As of the date of this filing, these options have fully vested and 1,200 shares were already sold.
F5: Three-sixtieths (3/60) of the options were vested and exercisable on the grant date. The remaining options vested in 57 equal monthly increments commencing on June 1, 2009.
F6: As of the date of this filing, these options have fully vested and 540 shares were already sold.
F7: Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vest in 52 equal monthly increments commencing on November 1, 2009.
F8: As of the date of this filing, these options have fully vested and 7,740 shares were already sold.
F9: Two-sixtieths (2/60) of the option were vested and exercisable on the grant date. The remaining options vest in 58 equal monthly increments commencing on May 1, 2010.
F10: As of the date of this filing, 4,125 options have vested.
F11: Two-forty-eights (2/48) of the option were vested and exercisable on the grant date. The remaining options vest in 46 equal monthly increments commencing on May 1, 2011.
F12: As of the date of this filing, 1,344 options have vested.
F13: Represents restricted stock units acquired by the Reporting Person pursuant to the Issuer'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 Issuer.
F14: As of the date of this filing, 5,198 restricted stock units have vested and been released.
F15: Represents restricted stock units acquired by the Reporting Person pursuant to the Issuer'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 Issuer.
F16: As of the date of this filing, 5,000 restricted stock units have vested and been released.
F17: Represents restricted stock units acquired by the Reporting Person pursuant to the Issuer's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. 1,749 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 Issuer.
F18: Represents restricted stock units acquired by the Reporting Person pursuant to the Issuer's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units vest in six equal semiannual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer.
F19: Represents restricted stock units acquired by the Reporting Person upon conversion of performance share units relating to FY13 performance pursuant to the Issuer's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. One-third of the restricted stock units vested on April 1, 2014, with the remaining restricted stock units vesting in four semiannual installments over two years, subject to the continued employment of the Reporting Person with Issuer.
F20: As of the date of this filing, 3,933 restricted stock units have vested and been released.
F21: Represents performance-based restricted stock units that vest based on Issuer's total shareholder return over a three-year period, as will be determined at the first meeting of the Issuer's compensation committee following November 30, 2016.