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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2017
Jan 31, 2017
31754_dirs_2017-01-31_eca289b1-6296-4858-b495-0adf8eb5517e.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: 2017-01-30
Reporting Person: Taslakov Dimitre (Chief Talent Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-01-30 | Restricted Stock Units | $ | A | 1141 | Acquired | Common Stock (1141.0) | Direct |
Footnotes
F1: 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 semiannual installments over two years, subject to the continued employment of the Reporting Person with Progress Software Corporation.