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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2017
Apr 5, 2017
31754_dirs_2017-04-05_f03f9aef-8e8a-4318-95d3-22dfe9e42d98.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: 2017-04-01
Reporting Person: FABERMAN STEPHEN H (Chief Legal Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-04-01 | Common Stock | M | 1085 | — | Acquired | 60270 | Direct |
| 2017-04-01 | Common Stock | F | 384 | $29.12 | Disposed | 59886 | Direct |
| 2017-04-01 | Common Stock | M | 517 | — | Acquired | 60403 | Direct |
| 2017-04-01 | Common Stock | F | 164 | $29.12 | Disposed | 60239 | Direct |
| 2017-04-01 | Common Stock | M | 651 | — | Acquired | 60890 | Direct |
| 2017-04-01 | Common Stock | F | 206 | $29.12 | Disposed | 60684 | Direct |
| 2017-04-01 | Common Stock | M | 508 | — | Acquired | 61192 | Direct |
| 2017-04-01 | Common Stock | F | 161 | $29.12 | Disposed | 61031 | Direct |
| 2017-04-01 | Common Stock | M | 381 | — | Acquired | 61412 | Direct |
| 2017-04-01 | Common Stock | F | 121 | $29.12 | Disposed | 61291 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-04-01 | Restricted Stock Units | $ | M | 1085 | Acquired | Common Stock (1085.0) | Direct | |
| 2017-04-01 | Restricted Stock Units | $ | M | 517 | Acquired | Common Stock (517.0) | Direct | |
| 2017-04-01 | Restricted Stock Units | $ | M | 651 | Acquired | Common Stock (651.0) | Direct | |
| 2017-04-01 | Restricted Stock Units | $ | M | 508 | Acquired | Common Stock (508.0) | Direct | |
| 2017-04-01 | Restricted Stock Units | $ | M | 381 | Acquired | Common Stock (381.0) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Includes 170 shares of common stock acquired through the Employee Stock Purchase Plan on September 30, 2016.
F3: Represents shares of common stock withheld by Issuer to pay tax witholding 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 witholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 29, 2015.
F5: Represents shares of common stock withheld by Issuer to pay tax witholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 29, 2015.
F6: Represents shares of common stock withheld by Issuer to pay tax witholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 18, 2016.
F7: Represents shares of common stock withheld by Issuer to pay tax witholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 18, 2016.
F8: On January 13, 2014, the Reporting Person was granted 6,505 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.
F9: On January 29, 2015, the Reporting Person was granted 3,102 restricted stock units, vesting in six equal semiannual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Issuer.
F10: On January 29, 2015, the Reporting Person was granted 4,653 performance-based restricted stock units, vesting 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.
F11: 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.
F12: On January 18, 2016, the Reporting Person was granted 4,575 performance-based restricted stock units, vesting in five installments, with one-third vesting on April 1, 2017 and the remaining performance-based restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.