PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014

Apr 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2014-04-02

Reporting Person: GUPTA RAM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-02	Common Stock	M	8125	$13.01	Acquired	41335	Direct
2014-04-02	Common Stock	S	8125	$22.20	Disposed	33210	Direct
2014-04-02	Common Stock	S	10035	$22.20	Disposed	23175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-02	Common Stock	$13.01	M	8125	Disposed	2015-10-15	Common Stock (8125)	Direct

Footnotes

F1: The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 19, 2014.

F2: Six - sixtieths of the option vested on the date of grant, thereafter the option vested in equal monthly increments over a 54 month period commencing on November 1, 2008.