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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2015
Oct 5, 2015
31754_dirs_2015-10-05_c397b3c6-27cd-4166-81e6-da5e2f4431a0.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: 2015-10-01
Reporting Person: Benedict Michael (Chief Product Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-10-01 | Common Stock | M | 2500 | — | Acquired | 28510 | Direct |
| 2015-10-01 | Common Stock | F | 828 | $25.54 | Disposed | 27682 | Direct |
| 2015-10-01 | Common Stock | M | 1049 | — | Acquired | 28731 | Direct |
| 2015-10-01 | Common Stock | F | 348 | $25.54 | Disposed | 28383 | Direct |
| 2015-10-01 | Common Stock | M | 1967 | — | Acquired | 30350 | Direct |
| 2015-10-01 | Common Stock | F | 652 | $25.54 | Disposed | 29698 | Direct |
| 2015-10-01 | Common Stock | M | 904 | — | Acquired | 30602 | Direct |
| 2015-10-01 | Common Stock | F | 300 | $25.54 | Disposed | 30302 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-10-01 | Restricted Stock Units | $ | M | 2500 | Disposed | Common Stock (2500) | Direct | |
| 2015-10-01 | Restricted Stock Units | $ | M | 1049 | Disposed | Common Stock (1049) | Direct | |
| 2015-10-01 | Restricted Stock Units | $ | M | 1967 | Disposed | Common Stock (1967) | Direct | |
| 2015-10-01 | Restricted Stock Units | $ | M | 904 | Disposed | Common Stock (904) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: 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 22, 2013.
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 January 13, 2014.
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: 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 29, 2015.
F6: On January 22, 2013, the Reporting Person was granted 15,000 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Issuer.
F7: On January 13, 2014, the Reporting Person was granted 6,295 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer.
F8: On January 7, 2014, the Reporting Person was granted 11,800 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.
F9: On January 29, 2015, the Reporting Person was granted 5,429 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Issuer.