PROGRESS SOFTWARE CORP /MA — Director's Dealing 2020

Apr 1, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2020-03-30

Reporting Person: VITALE VIVIAN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-30	Common Stock	A	3176	$31.49	Acquired	3176	Direct

Footnotes

F1: Represents deferred stock units issued to the Reporting Person by Progress Software Corporation (the "Company") as the equity retainer for the Reporting Person's services as a director of the Company for the period from October 2019 until the date of the Company's 2020 Annual Meeting of Stockholders. These deferred stock units were issued in accordance with the Company's FY19 Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company or the date the Reporting Person terminates service on the board of directors of the Company (the "Board of Directors"). The deferred stock units will vest on the date of the 2020 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the Board of Directors until such date.