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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2018
Aug 20, 2018
31754_dirs_2018-08-20_299e9a53-9628-4ff4-b376-7a2aa0181a97.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2018-08-10
Reporting Person: Jarrett Loren (Chief Marketing Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3604 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Options | $29.25 | 2024-02-16 | Common Stock (23490.0) | Direct | |
| Restricted Stock Units | $ | Common Stock (11626.0) | Direct | ||
| Restricted Stock Units | $ | Common Stock (11966.0) | Direct | ||
| Restricted Stock Units | $ | Common Stock (4143.0) | Direct | ||
| Employee Stock Options | $50.69 | 2025-01-11 | Common Stock (13271.0) | Direct | |
| Restricted Stock Units | $ | Common Stock (6905.0) | Direct |
Footnotes
F1: The stock options vest in eight equal semiannual installments beginning October 1, 2017, subject to the continued employment of the Reporting Person with Progress Software Corporation (the "Company").
F2: Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2017, subject to the continued employment of the Reporting Person with the Company.
F3: Each restricted stock unit represents a contingent right to receive one share of common stock.
F4: Represents performance-based restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest on February 1, 2020, subject to the Company meeting total shareholder return criteria over the three-year period ending November 30, 2019, and the continued employment of the Reporting Person with the Company.
F5: Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2018, subject to the continued employment of the Reporting Person with the Company.
F6: The stock options vest in eight equal semiannual installments beginning October 1, 2018, subject to the continued employment of the Reporting Person with the Company.
F7: Represents performance-based restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest on February 1, 2021, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2020, and the continued employment of the Reporting Person with the Company.