PROGRESS SOFTWARE CORP /MA — Director's Dealing 2018

Oct 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2018-10-01

Reporting Person: EGAN JOHN R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-10-01	Common Stock	M	4521	$20.73	Acquired	58079	Direct
2018-10-01	Common Stock	F	2624	$35.7226	Disposed	55455	Direct
2018-10-01	Common Stock	M	27125	$20.73	Acquired	82580	Direct
2018-10-01	Common Stock	F	15741	$35.7226	Disposed	66839	Direct
2018-10-01	Common Stock	M	18484	$19.93	Acquired	85323	Direct
2018-10-01	Common Stock	F	10312	$35.7226	Disposed	75011	Direct
2018-10-01	Common Stock	M	8210	$21.46	Acquired	83221	Direct
2018-10-01	Common Stock	F	4932	$35.7226	Disposed	78289	Direct
2018-10-01	Common Stock	M	8403	$21.80	Acquired	86692	Direct
2018-10-01	Common Stock	F	5128	$35.7226	Disposed	81564	Direct
2018-10-01	Common Stock	M	5889	$25.76	Acquired	87453	Direct
2018-10-01	Common Stock	F	4247	$35.7226	Disposed	83206	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-10-01	Stock Options	$20.73	M	4521	Disposed	2018-10-14	Common Stock (4521.0)	Direct
2018-10-01	Stock Options	$20.73	M	27125	Disposed	2018-10-14	Common Stock (27125.0)	Direct
2018-10-01	Stock Options	$19.93	M	18484	Disposed	2019-05-28	Common Stock (18484.0)	Direct
2018-10-01	Stock Options	$21.46	M	8210	Disposed	2020-04-08	Common Stock (8210.0)	Direct
2018-10-01	Stock Options	$21.8	M	8403	Disposed	2021-03-30	Common Stock (8403.0)	Direct
2018-10-01	Stock Option	$25.76	M	5889	Disposed	2022-04-05	Common Stock (5889.0)	Direct

Footnotes

F1: Represents shares of common stock withheld by Progress Software Corporation to pay the option exercise price in connection with the exercise of options by the Reporting Person on October 1, 2018.

F2: 1131 options vested on October 1, 2011. The remainder of the options vested on August 1, 2015.