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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2022
Sep 30, 2022
31754_dirs_2022-09-30_7137dddb-a61b-416a-ac91-0ddea21d2aab.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: 2022-09-20
Reporting Person: WANG YUFAN STEPHANIE (Chief Legal Officer)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Options (Right to buy) | $45.3 | 2029-06-30 | Common Stock (10213.0) | Direct | |
| Restricted Stock Units | $ | Common Stock (2760.0) | Direct |
Footnotes
F1: On June 30, 2022, the Reporting Person was granted 10,213 Employee Stock Options pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning April 1, 2023, subject to the continued employment of the Reporting Person with the Company.
F2: On June 30, 2022, the Reporting Person was granted 2,760 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, 2023, subject to the continued employment of the Reporting Person with the Company.
F3: Restricted stock units convert into common stock on a one-for-one basis.