PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014

Jul 1, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2014-06-30

Reporting Person: MARK MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-30	Common Stock	M	5700	$14.30	Acquired	168979	Direct
2014-06-30	Common Stock	S	8550	$24.05	Disposed	160429	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-30	Stock Option	$14.30	M	14250	Disposed	2014-09-26	Common Stock (14250)	Direct

Footnotes

F1: Represents shares sold to pay the stock option exercise price shown in Table II.

F2: 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 and vested fully on September 27, 2004.