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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014
Apr 3, 2014
31754_dirs_2014-04-03_1778cb03-ed8d-4f5b-9e8e-8991b2a36ead.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: Jalbert Paul A (VP & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-04-01 | Common Stock | M | 4167 | — | Acquired | 9813 | Direct |
| 2014-04-01 | Common Stock | F | 1354 | $22.09 | Disposed | 8459 | Direct |
| 2014-04-01 | Common Stock | M | 2359 | — | Acquired | 10818 | Direct |
| 2014-04-01 | Common Stock | F | 768 | $22.09 | Disposed | 10050 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-04-01 | Common Stock | $ | M | 4167 | Disposed | Common Stock (4167) | Direct | |
| 2014-04-01 | Common Stock | $ | M | 2359 | Disposed | Common Stock (2359) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: In the Form 4 filed November 8, 2012, the entire grant of 25,000 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 October 15, 2012.
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 October 15, 2012, the Reporting Person was granted 25,000 restricted stock units, vesting in six equal semi-annual installments beginning on April 1, 2013, subject to the continued employment of the Reporting Person with Issuer.
F6: As of the date of filing, 8,332 restricted stock units have already vested and been released.
F7: On January 7, 2014, the Reporting Person was granted 7,080 restricted stock units, vesting in five installments, with one-third vesting on April 1, 2014 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.