PROGRESS SOFTWARE CORP /MA — Director's Dealing 2014

Jan 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2014-01-23

Reporting Person: BYCOFF BARRY N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-23	Common Stock	M	18922	$20.79	Acquired	44663	Direct
2014-01-23	Common Stock	S	18922	$24.58	Disposed	25741	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-23	Stock Option	$20.79	M	18922	Disposed	2014-04-25	Common Stock (18922)	Direct

Footnotes

F1: 1/60ths of the option vested on the date of grant, thereafter the option vested in equal monthly increments over a 59 month period commencing May 1, 2007.