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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2022
Oct 5, 2022
31754_dirs_2022-10-05_0efdeee0-747c-436d-9def-92ed71d9f152.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: 2022-10-03
Reporting Person: FOLGER ANTHONY (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-10-03 | Common Stock | M | 2541 | — | Acquired | 15233 | Direct |
| 2022-10-03 | Common Stock | F | 1127 | $42.805 | Disposed | 14106 | Direct |
| 2022-10-03 | Common Stock | M | 1995 | — | Acquired | 16101 | Direct |
| 2022-10-03 | Common Stock | F | 885 | $42.805 | Disposed | 15216 | Direct |
| 2022-10-03 | Common Stock | M | 2247 | — | Acquired | 17463 | Direct |
| 2022-10-03 | Common Stock | F | 997 | $42.805 | Disposed | 16466 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-10-03 | Restricted Stock Units | $ | M | 2541 | Disposed | Common Stock (2541.0) | Direct | |
| 2022-10-03 | Restricted Stock Units | $ | M | 1995 | Disposed | Common Stock (1995.0) | Direct | |
| 2022-10-03 | Restricted Stock Units | $ | M | 2247 | Disposed | Common Stock (2247.0) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Includes 665 shares of common stock acquired by the Reporting Person on March 31, 2022 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
F3: Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on March 30, 2020.
F4: Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2021.
F5: Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 20, 2022.
F6: On March 30, 2020, the Reporting Person was granted 15,243 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.
F7: On January 19, 2021, the Reporting Person was granted 11,972 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 20, 2022, the Reporting Person was granted 13,487 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, 2022, subject to the continued employment of the Reporting Person with the Company.