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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2022
Nov 17, 2022
31754_dirs_2022-11-17_416eed64-1827-4199-a209-0a846a7d9743.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: 2022-11-15
Reporting Person: LoCoco Domenic (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-11-15 | Common Stock | M | 264 | $29.25 | Acquired | 2150 | Direct |
| 2022-11-15 | Common Stock | S | 264 | $51.9874 | Disposed | 1886 | Direct |
| 2022-11-15 | Common Stock | M | 1132 | $34.73 | Acquired | 3018 | Direct |
| 2022-11-15 | Common Stock | S | 1132 | $52.1009 | Disposed | 1886 | Direct |
| 2022-11-15 | Common Stock | M | 500 | $42.61 | Acquired | 2386 | Direct |
| 2022-11-15 | Common Stock | S | 500 | $52.1192 | Disposed | 1886 | Direct |
| 2022-11-15 | Common Stock | S | 300 | $52.0132 | Disposed | 1586 | Direct |
| 2022-11-15 | Common Stock | S | 200 | $51.9876 | Disposed | 1386 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-11-15 | Employee Stock Options (Right to buy) | $29.25 | M | 264 | Disposed | 2024-02-16 | Common Stock (264.0) | Direct |
| 2022-11-15 | Employee Stock Options (Right to buy) | $34.73 | M | 1132 | Disposed | 2026-01-21 | Common Stock (1132.0) | Direct |
| 2022-11-15 | Employee Stock Options (Right to buy) | $42.61 | M | 500 | Disposed | 2028-01-18 | Common Stock (500.0) | Direct |
Footnotes
F1: The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 8, 2022.
F2: This transaction was executed in multiple trades at prices ranging from $51.97 to $52.24 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F3: This transaction was executed in multiple trades at prices ranging from $51.77 to $52.428 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F4: This transaction was executed in multiple trades at prices ranging from $51.97 to $52.428 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F5: Options were granted to the Reporting Person on February 17, 2017 under Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. As of April 1, 2021, all options were vested and exercisable.
F6: Options were granted to the Reporting Person on January 22, 2019 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2022, 4,078 options were vested and exercisable.
F7: Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2022, 2,542 options were vested and exercisable.