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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2016
Dec 6, 2016
31754_dirs_2016-12-06_f4bcab39-5236-4842-b403-04e07de0c5fc.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: 2016-12-02
Reporting Person: Taslakov Dimitre (Chief Talent Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-12-02 | Common Stock | M | 38517 | — | Acquired | 60870 | Direct |
| 2016-12-02 | Common Stock | F | 14565 | $28.98 | Disposed | 46305 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-12-02 | Restricted Stock Units | $ | M | 38517 | Disposed | Common Stock (38517) | 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 witholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on December 15, 2014.
F3: On December 15, 2014 the Reporting Person was granted 57,775 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. One-third of the restricted stock units vested on December 2, 2015, with the remaining restricted stock units vesting on December 2, 2016.