PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014

Jul 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2014-07-21

Reporting Person: MARK MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-21	Common Stock	M	9252	$21.50	Acquired	169681	Direct
2014-07-21	Common Stock	S	9252	$23.74	Disposed	160429	Direct
2014-07-22	Common Stock	M	5000	$21.50	Acquired	165429	Direct
2014-07-22	Common Stock	S	5000	$23.97	Disposed	160429	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-07-21	Stock Option	$21.50	M	9252	Disposed	2014-10-15	Common Stock (9252)	Direct
2014-07-22	Stock Option	$21.50	M	5000	Disposed	2014-10-15	Common Stock (5000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $23.70 to $23.78. The price reported above reflects the weighted average sale price.

F2: This transaction was executed in multiple trades at prices ranging from $23.95 to $23.99. The price reported above reflects the weighted average sale price.