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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2021
Oct 14, 2021
31754_dirs_2021-10-14_739d11ab-57f1-4291-95cc-79e60480d8fb.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: 2021-10-05
Reporting Person: Ortiz Jennifer (EVP, Corporate Marketing)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3735 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Options (Right to buy) | $29.25 | 2024-02-16 | Common Stock (3776.0) | Direct | |
| Employee Stock Options (Right to buy) | $50.69 | 2025-01-11 | Common Stock (2844.0) | Direct | |
| Employee Stock Options (Right to buy) | $34.73 | 2026-01-21 | Common Stock (4808.0) | Direct | |
| Restricted Stock Units | $ | Common Stock (168.0) | Direct | ||
| Restricted Stock Units | $ | Common Stock (608.0) | Direct | ||
| Restricted Stock Units | $ | Common Stock (796.0) | Direct | ||
| Employee Stock Options (Right to buy) | $47.16 | 2027-01-20 | Common Stock (7069.0) | Direct | |
| Restricted Stock Units | $ | Common Stock (2446.0) | Direct | ||
| Employee Stock Options (Right to buy) | $42.61 | 2028-01-18 | Common Stock (13514.0) | Direct |
Footnotes
F1: On February 17, 2017, the Reporting Person was granted 3,776 Employee Stock Options pursuant to Progress Software Corporation (the "Company's") 2008 Stock Option and Incentive Plan. The stock options vested in eight equal semiannual installments beginning October 1, 2017, subject to the continued employment of the Reporting Person with the Company. All options are vested and exercisable.
F2: On January 12, 2018, the Reporting Person was granted 2,844 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, 2018, subject to the continued employment of the Reporting Person with the Company. 2,489 options are vested and exercisable.
F3: On January 22, 2019, the Reporting Person was granted 4,808 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, 2019, subject to the continued employment of the Reporting Person with the Company. 3,005 options are vested and exercisable.
F4: On January 22, 2019, the Reporting Person was granted 1,008 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, 2019, subject to the continued employment of the Reporting Person with the Company.
F5: Restricted stock units convert into common stock on a one-for-one basis.
F6: On July 1, 2019, the Reporting Person was granted 1,820 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.
F7: On January 21, 2020, the Reporting Person was granted 1,591 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.
F8: On January 21, 2020, the Reporting Person was granted 7,069 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. 2,652 options are vested and exercisable.
F9: On January 19, 2021, the Reporting Person was granted 2,935 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.
F10: On January 19, 2021, the Reporting Person was granted 13,514 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. 1,690 options are vested and exercisable.