AI assistant
PROGRESS SOFTWARE CORP /MA — Director's Dealing 2017
Apr 5, 2017
31754_dirs_2017-04-05_28955e6a-4c59-4a32-8f75-a3e57ade3344.zip
Director's Dealing
Open in viewerOpens in your device viewer
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: Taslakov Dimitre (Chief Talent Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-04-01 | Common Stock | M | 508 | — | Acquired | 40554 | Direct |
| 2017-04-01 | Common Stock | F | 192 | $29.12 | Disposed | 40362 | Direct |
| 2017-04-01 | Common Stock | M | 381 | — | Acquired | 40743 | Direct |
| 2017-04-01 | Common Stock | F | 144 | $29.12 | Disposed | 40599 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-04-01 | Restricted Stock Units | $ | M | 508 | Disposed | Common Stock (508.0) | Direct | |
| 2017-04-01 | Restricted Stock Units | $ | M | 381 | Disposed | Common Stock (381.0) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Includes the withholding of 6,259 shares of common stock by Issuer to pay the tax withholding obligation of Reporting Person upon the vesting of restricted stock units on December 2, 2015 that was omitted from the Amount of Securities Beneficially Owned in the Form 3 filed on February 1, 2016.
F3: Represents shares of common stock withheld by Issuer to pay the tax witholding 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 the tax witholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 18, 2016.
F5: 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.
F6: 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 performance-based restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.