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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014
Apr 3, 2014
31754_dirs_2014-04-03_24183076-fdde-4b0f-bc9b-890e3ce1bb96.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: 2014-04-01
Reporting Person: PERKINS CHRIS E (SVP, Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-04-01 | Common Stock | M | 16000 | — | Acquired | 26784 | Direct |
| 2014-04-01 | Common Stock | F | 5208 | $22.09 | Disposed | 21576 | Direct |
| 2014-04-01 | Common Stock | M | 25173 | — | Acquired | 46749 | Direct |
| 2014-04-01 | Common Stock | F | 9537 | $22.09 | Disposed | 37212 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-04-01 | Restricted Stock Units | $ | M | 16000 | Disposed | Common Stock (16000) | Direct | |
| 2014-04-01 | Restricted Stock Units | $ | M | 25173 | Disposed | Common Stock (25173) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: In the Form 4 filed February 5, 2013, the entire grant of 96,000 restricted stock units was initially reported on Table I. The remaining unvested restricted stock units are now reported on Table II rather than Table I.
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 February 1, 2013.
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 7, 2014.
F5: On February 2, 2013, the Reporting Person was granted 96,000 restricted stock units, vesting in six equal semiannual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Issuer.
F6: As of the date of this filing, 16,000 restricted stock units have already vested and been released.
F7: On January 7, 2014, the Reporting Person was granted 75,520 restricted stock units, vesting in five installments, with one-third vesting on April 1, 2014 and the remaining restricted stock units vesting in four semiannual installments, subject to the continued employment of the Reporting Person with Issuer.