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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2016
Apr 5, 2016
31754_dirs_2016-04-05_6a94c142-14f5-41eb-b995-b21e47904501.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: 2016-04-01
Reporting Person: Robinson Matt (Chief Technology Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-04-01 | Common Stock | M | 834 | — | Acquired | 3859 | Direct |
| 2016-04-01 | Common Stock | F | 312 | $24.66 | Disposed | 3547 | Direct |
| 2016-04-01 | Common Stock | M | 490 | — | Acquired | 4037 | Direct |
| 2016-04-01 | Common Stock | F | 185 | $24.66 | Disposed | 3852 | Direct |
| 2016-04-01 | Common Stock | M | 666 | — | Acquired | 4518 | Direct |
| 2016-04-01 | Common Stock | F | 251 | $24.66 | Disposed | 4267 | Direct |
| 2016-04-01 | Common Stock | M | 639 | — | Acquired | 4906 | Direct |
| 2016-04-01 | Common Stock | M | 241 | $24.66 | Disposed | 4665 | Direct |
| 2016-04-01 | Common Stock | M | 552 | — | Acquired | 5217 | Direct |
| 2016-04-01 | Common Stock | F | 208 | $24.66 | Disposed | 5009 | Direct |
| 2016-04-01 | Common Stock | M | 1391 | — | Acquired | 6400 | Direct |
| 2016-04-01 | Common Stock | F | 523 | $24.66 | Disposed | 5877 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-04-01 | Restricted Stock Units | $ | M | 834 | Disposed | Common Stock (834) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 490 | Disposed | Common Stock (490) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 666 | Disposed | Common Stock (666) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 1917 | Acquired | Common Stock (1917) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 639 | Disposed | Common Stock (639) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 552 | Disposed | Common Stock (552) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 4174 | Acquired | Common Stock (4174) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 1391 | Disposed | Common Stock (1391) | Direct |
Footnotes
F1: Due to a clerical error, the amount of securities beneficially owned in the Form 3 was incorrectly reported. This Form 4 now reflects the correct amount of shares beneficially owned.
F2: Restricted stock units convert into common stock on a one-for-one basis.
F3: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on July 9, 2013
F4: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 13, 2014.
F5: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 15, 2015.
F6: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 15, 2015.
F7: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on July 6, 2015.
F8: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on July 6, 2015.
F9: On July 9, 2013, the Reporting Person was granted 5,000 restricted stock units, vesting in six equal semi-annual installments beginning on April 1, 2014, subject to the continued employment of the Reporting Person with Issuer.
F10: On January 13, 2014, the Reporting Person was granted 2,938 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer.
F11: On January 15, 2015, the Reporting Person was granted 3,999 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Issuer.
F12: Represents performance-based restricted stock units acquired by the Reporting Person based on Issuer performance in FY15. Each restricted stock unit vests in five installments, with one-third vesting on April 1, 2016 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
F13: On July 6, 2015, the Reporting Person was granted 3,315 restricted stock units, vesting in six equal semi-annual installments beginning on April 1, 2016, subject to the continued employment of the Reporting Person with Issuer.
F14: Represents performance-based restricted stock units acquired by the Reporting Person based on Issuer performance in FY15. Each restricted stock unit vests in five installments, with one-third vesting on April 1, 2016 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.