PROGRESS SOFTWARE CORP /MA — Director's Dealing 2017

Feb 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2017-02-23

Reporting Person: Gupta Yogesh K (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-23	Employee Stock Options	$28.98	A	149573	Acquired	2024-02-23	Common Stock (149573.0)	Direct
2017-02-23	Restricted Stock Units	$	A	41408	Acquired		Common Stock (41408.0)	Direct

Footnotes

F1: Stock Options vest in eight equal semiannual installments beginning on October 1, 2017, subject to the continued employment of the Reporting Person with Progress Software Corporation.

F2: Represents performance-based restricted stock units that vest based on Progress Software Corporation total shareholder return over a three-year period, as will be determined at the first meeting of the Progress Software Corporation's compensation committee following November 30, 2019.