PROGRESS SOFTWARE CORP /MA — Director's Dealing 2017

Oct 4, 2017

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: Taslakov Dimitre (Chief Talent Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-01	Common Stock	M	508	—	Acquired	42148	Direct
2017-10-01	Common Stock	F	165	$38.09	Disposed	41983	Direct
2017-10-01	Common Stock	M	190	—	Acquired	42173	Direct
2017-10-01	Common Stock	F	62	$38.09	Disposed	42111	Direct
2017-10-01	Common Stock	M	1196	—	Acquired	43307	Direct
2017-10-01	Common Stock	F	389	$38.09	Disposed	42918	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-01	Restricted Stock Units	$	M	508	Disposed		Common Stock (508.0)	Direct
2017-10-01	Common Stock	$	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 1,041 shares of common stock acquired through Employee Stock Purchase Plan: 752 on March 31, 2017; 289 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 18, 2016.

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 18, 2016.

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 February 17, 2017.

F6: On January 18, 2016, the Reporting Person was granted 3,050 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2016, subject to the continued employment of the Reporting Person with Issuer.

F7: On January 18, 2016, the Reporting Person was granted 4,575 performance-based restricted stock units, vesting in five installments, with one third of the restricted stock units vesting on April 1, 2017, and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.

F8: On February 17, 2017, the Reporting Person was granted 7,180 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2017, subject to the continued employment of the Reporting Person with Issuer.