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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2017
Oct 4, 2017
31754_dirs_2017-10-04_f09bcfae-e957-4183-a5a9-df00e8129587.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: 2017-10-01
Reporting Person: FABERMAN STEPHEN H (Chief Legal Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-10-01 | Common Stock | M | 517 | — | Acquired | 64185 | Direct |
| 2017-10-01 | Common Stock | F | 168 | $38.09 | Disposed | 64017 | Direct |
| 2017-10-01 | Common Stock | M | 651 | — | Acquired | 64668 | Direct |
| 2017-10-01 | Common Stock | F | 212 | $38.09 | Disposed | 64456 | Direct |
| 2017-10-01 | Common Stock | M | 508 | — | Acquired | 64964 | Direct |
| 2017-10-01 | Common Stock | F | 165 | $38.09 | Disposed | 64799 | Direct |
| 2017-10-01 | Common Stock | M | 190 | — | Acquired | 64989 | Direct |
| 2017-10-01 | Common Stock | F | 62 | $38.09 | Disposed | 64927 | Direct |
| 2017-10-01 | Common Stock | M | 1196 | — | Acquired | 66123 | Direct |
| 2017-10-01 | Common Stock | F | 389 | — | Disposed | 65734 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-10-01 | Restricted Stock Units | $ | M | 517 | Disposed | Common Stock (517.0) | Direct | |
| 2017-10-01 | Restricted Stock Units | $ | M | 651 | Disposed | Common Stock (651.0) | Direct | |
| 2017-10-01 | Restricted Stock Units | $ | M | 508 | Disposed | Common Stock (508.0) | Direct | |
| 2017-10-01 | Restricted Stock Units | $ | M | 190 | Disposed | Common Stock (190.0) | Direct | |
| 2017-10-01 | Restricted Stock Units | $ | M | 1196 | Disposed | Common Stock (1196.0) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Includes 551 shares of common stock acquired through Employee Stock Purchase Plan: 324 on March 31, 2017; 227 on June 30, 2017.
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 29, 2015.
F4: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 29, 2015.
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 18, 2016.
F6: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 18, 2016.
F7: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on February 17, 2017.
F8: 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, 2015, subject to the continued employment of the Reporting Person with Issuer.
F9: Represents restricted stock units acquired by the Reporting Person upon conversion of performance share units relating to FY15 performance pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents one share of common stock. One third of the restricted stock units vest on on April 1, 2016, with the remaining restricted stock units vesting in four semi-annual installments over two years, subject to the continued employment of the Reporting Person with Issuer.
F10: 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 Issuer.
F11: Represents restricted stock units acquired by the Reporting Person upon conversion of performance share units relating to FY16 performance pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents one share of common stock. One third of the restricted stock units vest on April 1, 2017 with the remaining restricted stock units vesting in four semi-annual installments over two years, subject to the continued employment of the Reporting Person with Issuer.
F12: 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 installments beginning on October 1, 2017, subject to the continued employment of the Reporting Person with Issuer.