PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014

Feb 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2014-02-12

Reporting Person: Andrews Joseph (SVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-12	Common Stock	M	2	$20.79	Acquired	35408	Direct
2014-02-12	Common Stock	S	2	$24.50	Disposed	35406	Direct
2014-02-13	Common Stock	M	7498	$20.79	Acquired	42904	Direct
2014-02-13	Common Stock	S	7498	$24.50	Disposed	35406	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-12	Stock Option	$20.79	M	2	Disposed	2014-04-25	Common Stock (2)	Direct
2014-02-14	Stock Option	$20.79	M	7498	Disposed	2014-04-25	Common Stock (7498)	Direct

Footnotes

F1: Two-sixtieths (2/60) of the options were vested and exercisable on the grant date. The remaining options vested in 58 equal monthly increments commencing on May 1, 2007.