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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2015
Feb 19, 2015
31754_dirs_2015-02-19_d71062b1-c970-498a-ad5b-03c0f56a4d70.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: 2015-02-17
Reporting Person: Benedict Michael (Pres, Business Unit Executive)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-17 | Common Stock | M | 849 | $19.96 | Acquired | 21788 | Direct |
| 2015-02-17 | Common Stock | S | 849 | $26.65 | Disposed | 20939 | Direct |
| 2015-02-17 | Common Stock | M | 300 | $13.01 | Acquired | 21239 | Direct |
| 2015-02-17 | Common Stock | S | 300 | $26.65 | Disposed | 20939 | Direct |
| 2015-02-17 | Common Stock | M | 360 | $14.67 | Acquired | 21299 | Direct |
| 2015-02-17 | Common Stock | S | 360 | $26.65 | Disposed | 20939 | Direct |
| 2015-02-17 | Common Stock | M | 5160 | $15.93 | Acquired | 26099 | Direct |
| 2015-02-17 | Common Stock | S | 5160 | $26.65 | Disposed | 20939 | Direct |
| 2015-02-17 | Common Stock | S | 13638 | $26.65 | Disposed | 7301 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-17 | Stock Option | $19.96 | M | 849 | Disposed | 2015-04-23 | Common Stock (849) | Direct |
| 2015-02-17 | Stock Option | $13.01 | M | 300 | Disposed | 2015-10-15 | Common Stock (300) | Direct |
| 2015-02-17 | Stock Option | $14.67 | M | 360 | Disposed | 2016-05-11 | Common Stock (360) | Direct |
| 2015-02-17 | Stock Option | $15.93 | M | 5160 | Disposed | 2016-10-15 | Common Stock (5160) | Direct |
Footnotes
F1: This option grant reflects an amended option grant where "old" options were cancelled and "new" options were issued as replacement options. The option was originally granted on September 27, 2004 with seven-sixtieths (7/60) of the options vesting on the grant date and the remaining options vested in 53 equal monthly increments commencing on October 1, 2004.
F2: Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vested in 52 equal monthly increments commencing on November 1, 2008.
F3: Three-sixtieths (3/60) of the options were vested and exercisable on the grant date. The remaining options vested in 57 equal monthly increments commencing on June 1, 2009.
F4: Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vest in 52 equal monthly increments commencing on November 1, 2009.