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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2022
Oct 5, 2022
31754_dirs_2022-10-05_0de10de7-a172-42e9-874b-2b3bba944c09.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: Gupta Yogesh K (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-10-03 | Common Stock | M | 4082 | — | Acquired | 81762 | Direct |
| 2022-10-03 | Common Stock | F | 1811 | $42.805 | Disposed | 79951 | Direct |
| 2022-10-03 | Common Stock | M | 5282 | — | Acquired | 85233 | Direct |
| 2022-10-03 | Common Stock | F | 2343 | $42.805 | Disposed | 82890 | Direct |
| 2022-10-03 | Common Stock | M | 6181 | — | Acquired | 89071 | Direct |
| 2022-10-03 | Common Stock | F | 2742 | $42.805 | Disposed | 86329 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-10-03 | Restricted Stock Units | $ | M | 4082 | Disposed | Common Stock (4082.0) | Direct | |
| 2022-10-03 | Restricted Stock Units | $ | M | 5282 | Disposed | Common Stock (5282.0) | Direct | |
| 2022-10-03 | Restricted Stock Units | $ | M | 6181 | Disposed | Common Stock (6181.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 65000 | Indirect |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Represents shares of common stock withheld by Progress Software Corporation (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 21, 2020.
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 January 19, 2021.
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 20, 2022.
F5: These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F6: On January 21, 2020, the Reporting Person was granted 24,492 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 31,691 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 37,087 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.