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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2016
Feb 1, 2016
31754_dirs_2016-02-01_fdb9e550-37ac-4364-9f47-2224bd5f0552.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2016-01-28
Reporting Person: Tasklakov Dimitre (Chief Talent Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 19802 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (57775) | Direct | ||
| Restricted Stock Units | $ | Common Stock (21327) | Direct | ||
| Restricted Stock Units | $ | Common Stock (3050) | Direct | ||
| Restricted Stock Units | $ | Common Stock (20969) | Direct |
Footnotes
F1: Includes 544 shares of common stock acquired through the Employee Stock Purchase Plan.
F2: 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. One-third of the restricted stock units vested on December 2, 2015, with the remaining restricted stock units vesting on December 2, 2016, subject to the continued employment of the Reporting Person with Progress Software Corporation.
F3: As of the date of this filing, 19,258 restricted stock units have vested.
F4: 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.
F5: 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, 2016, subject to the continued employment of the Reporting Person with Progress Software Corporation.
F6: 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, 2018.