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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2016
Apr 5, 2016
31754_dirs_2016-04-05_46f96810-2741-4ea7-bbb3-46165172688c.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: Jalbert Paul A (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-04-01 | Common Stock | M | 350 | — | Acquired | 24269 | Direct |
| 2016-04-01 | Common Stock | F | 111 | $24.66 | Disposed | 24158 | Direct |
| 2016-04-01 | Common Stock | M | 1180 | — | Acquired | 25338 | Direct |
| 2016-04-01 | Common Stock | F | 373 | $24.66 | Disposed | 24965 | Direct |
| 2016-04-01 | Common Stock | M | 333 | — | Acquired | 25298 | Direct |
| 2016-04-01 | Common Stock | F | 107 | $24.66 | Disposed | 25191 | Direct |
| 2016-04-01 | Common Stock | M | 319 | — | Acquired | 25510 | Direct |
| 2016-04-01 | Common Stock | F | 104 | $24.66 | Disposed | 25406 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-04-01 | Restricted Stock Units | $ | M | 350 | Disposed | Common Stock (350) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 1180 | Disposed | Common Stock (1180) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 333 | Disposed | Common Stock (333) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 957 | Acquired | Common Stock (957) | Direct | |
| 2016-04-01 | Restricted Stock Units | $ | M | 319 | Disposed | Common Stock (319) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Includes 899 shares of common stock acquired through the Employee Stock Purchasing Plan on March 31, 2015.
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 January 13, 2014.
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 7, 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: On January 13, 2014, the Reporting Person was granted 2,099 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.
F8: On January 7, 2014, the Reporting Person was granted 7,080 restricted stock units, vesting in five installments, with one-third vesting on April 1, 2014 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
F9: On January 15, 2015, the Reporting Person was granted 2,000 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.
F10: 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.