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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2021
Dec 9, 2021
31754_dirs_2021-12-09_39cef9f4-1e13-4a47-ba2c-9e0836944863.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: 2021-12-01
Reporting Person: Subramanian Sundar (EVP/GM DevSecOps)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 7668 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (1752.0) | Direct | ||
| Restricted Stock Units | $ | Common Stock (1578.0) | Direct | ||
| Employee Stock Options (Right to buy) | $38.06 | 2026-09-29 | Common Stock (14617.0) | Direct | |
| Restricted Stock Units | $ | Common Stock (1909.0) | Direct | ||
| Employee Stock Options (Right to buy) | $47.16 | 2027-01-20 | Common Stock (11311.0) | Direct | |
| Restricted Stock Units | $ | Common Stock (4695.0) | Direct | ||
| Employee Stock Options (Right to buy) | $42.61 | 2028-01-18 | Common Stock (17298.0) | Direct |
Footnotes
F1: On September 30, 2019, the Reporting Person was granted 5,255 restricted stock units pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning April 1, 2020, subject to the continued employment of the Reporting Person with the Company.
F2: Restricted stock units convert into common stock on a one-for-one basis.
F3: On September 30, 2019, the Reporting Person was granted 4,730 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning April 1, 2020, subject to the continued employment of the Reporting Person with the Company.
F4: On September 30, 2019, the Reporting Person was granted 14,617 Employee Stock Options pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning April 1, 2020, subject to the continued employment of the Reporting Person with the Company. 7,309 options are vested and exercisable.
F5: On January 21, 2020, the Reporting Person was granted 3,817 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2020, subject to the continued employment of the Reporting Person with the Company.
F6: On January 21, 2020, the Reporting Person was granted 11,311 Employee Stock Options pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning October 1, 2020, subject to the continued employment of the Reporting Person with the Company. 4,242 options are vested and exercisable.
F7: On January 19, 2021, the Reporting Person was granted 5,634 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2021, subject to the continued employment of the Reporting Person with the Company.
F8: On January 19,2021, the Reporting Person was granted 17,298 Employee Stock Options pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning October 1, 2021, subject to the continued employment of the Reporting Person with the Company. 2,163 options are vested and exercisable.