PROGRESS SOFTWARE CORP /MA — Director's Dealing 2015

Apr 8, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2015-04-06

Reporting Person: EGAN JOHN R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-06	Common Stock	A	6212	—	Acquired	33543	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-06	Stock Option	$25.76	A	5889	Acquired	2022-04-05	Common Stock (5889)	Direct

Footnotes

F1: Represents restricted stock units acquired by the Reporting Person pursuant to the 2008 Stock Option and Incentive Plan and 2015 Fiscal Year Non Employee Director Compensation Plan for services provided as a director applicable to the 2015 fiscal year. Each restricted stock unit represents the right to receive one share of common stock. The restricted stock units vest on December 1, 2015, subject to the Reporting Person's continued service on the Progress Software Corporation Board of Directors on such vesting date.

F2: Represents stock options granted to the Reporting Person under the 2008 Stock Option and Incentive Plan and 2015 Fiscal Year Non Employee Director Compensation Plan for services provided as a director applicable to the 2015 fiscal year.

F3: The option is exercisable in full on December 1, 2015, subject to the Reporting Person's continued service on the Progress Software Corporation Board of Directors on such vesting date.