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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2018
Apr 3, 2018
31754_dirs_2018-04-03_0b051c7f-f06f-4513-bc48-b202d3966da3.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: 2018-04-01
Reporting Person: Gupta Yogesh K (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-01 | Common Stock | M | 2287 | — | Acquired | 19179 | Direct |
| 2018-04-01 | Common Stock | F | 994 | $40.125 | Disposed | 18185 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-01 | Common Stock | $ | M | 2287 | Disposed | Common Stock (2287.0) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on October 19, 2016.
F3: Represents restricted stock units acquired by the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units vest in six equal installments beginning on October 1, 2017, subject to the continued employment of the Reporting Person with Progress Software Corporation.