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PROGRESS SOFTWARE CORP /MA Director's Dealing 2016

Oct 18, 2016

31754_dirs_2016-10-18_7b7a0406-39d1-4ac7-9e51-68bc5edad54a.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: 2016-10-14

Reporting Person: FABERMAN STEPHEN H (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-14	Common Stock	M	3525	$15.93	Acquired	61080	Direct
2016-10-14	Common Stock	F	2065	$27.21	Disposed	59015	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-10-14	Stock Option	$15.93	M	3525	Disposed	2016-10-15	Common Stock (3525)	Direct

Footnotes

F1: Represents shares of common stock withheld by Issuer to pay the aggregate exercise price of the underlying stock option of the Reporting Person.

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, 2009.