PROGRESS SOFTWARE CORP /MA — Director's Dealing 2018

Apr 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2018-04-26

Reporting Person: FABERMAN STEPHEN H (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-26	Common Stock	M	3500	$29.64	Acquired	73033	Direct
2018-04-26	Common Stock	F	3002	$37.1425	Disposed	70031	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-04-26	Employee Stock Options	$29.64	M	3500	Disposed	2018-04-27	Common Stock (3500.0)	Direct

Footnotes

F1: This Form 4 is being filed to report the exercise of a stock option for a total of 3,500 shares by means of attestation, which is a method of exercising a stock option in which the optionholder attests to the ownership of enough shares of stock already owned by the optionholder to cover the exercise price of the option being exercised. As a result of this transaction, the Reporting Person acquired ownership of an incremental 498 shares of common stock.

F2: Includes 919 shares of common stock acquired through Issuer's Employee Stock Purchase Plan on March 31, 2018.

F3: Two-forty-eighths (2/48) of the options were vested and exercisable on the grant date. The remaining options vested in 46 equal monthly installments commencing on May 1, 2011.