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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2017
Oct 16, 2017
31754_dirs_2017-10-16_45c870de-2db2-4671-b256-a20c28360eff.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: 2017-10-12
Reporting Person: FABERMAN STEPHEN H (Chief Legal Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-10-12 | Common Stock | M | 2700 | $24.09 | Acquired | 68434 | Direct |
| 2017-10-12 | Common Stock | F | 1948 | $40.98 | Disposed | 66486 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-10-12 | Common Stock | $24.09 | M | 2700 | Disposed | 2017-10-15 | Stock Option (2700.0) | Direct |
Footnotes
F1: This Form 4 is being filed to report the exercise of a stock option for a total of 2,700 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder attests to the ownership of enough shares of stock already owned by the option holder to cover the exercise price of the option being exercised. As a result of this stock swap, the Reporting Person acquired ownership of an additional 752 shares of common stock.
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, 2010.