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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2015
Feb 2, 2015
31754_dirs_2015-02-02_e50a5b80-f09e-4ed2-a1b8-689905f1b356.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: 2015-01-29
Reporting Person: FABERMAN STEPHEN H (SVP and General Counsel)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-01-29 | Restricted Stock Units | $ | A | 3102 | Acquired | Common Stock (3102) | Direct | |
| 2015-01-29 | Restricted Stock Units | $ | A | 23265 | Acquired | Common Stock (23265) | Direct |
Footnotes
F1: Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units vest in six equal semiannual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Progress Software Corporation.
F2: Represents performance-based restricted stock units that vest based on Progress Software Corporation total shareholder return over a three-year period, as will be determined at the first meeting of the Progress Software Corporation's compensation committee following November 30, 2017.