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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2021
May 5, 2021
31754_dirs_2021-05-05_e1d52b7c-69b3-46ab-af77-13bd1b097ad0.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: 2021-05-03
Reporting Person: FABERMAN STEPHEN H (Chief Legal Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-05-03 | Restricted Stock Units | $ | A | 56536 | Acquired | Common Stock (56536.0) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.
F2: Represents restricted stock units granted to the Reporting Person under the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest as follows: one-third of the units on April 1, 2022, and the remaining units in four equal semi-annual increments commencing on October 1, 2022. The restricted stock units shall immediately vest upon the death or disability of the Reporting Person.