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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2022
May 9, 2022
31754_dirs_2022-05-09_233b40cc-246d-49bf-9991-2f39526c7a1f.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: 2022-05-05
Reporting Person: LoCoco Domenic (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-05 | Common Stock | S | 269 | $49.1135 | Disposed | 2134 | Direct |
| 2022-05-05 | Common Stock | S | 487 | $49.0696 | Disposed | 1647 | Direct |
| 2022-05-05 | Common Stock | M | 1000 | $29.25 | Acquired | 2647 | Direct |
| 2022-05-05 | Common Stock | S | 1000 | $49.0737 | Disposed | 1647 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-05 | Employee Stock Options (Right to buy) | $29.25 | M | 1000 | Disposed | 2024-02-16 | Common Stock (1000.0) | Direct |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $48.97 to $49.50 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.
F2: Includes 385 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: This transaction was executed in multiple trades at prices ranging from $48.85 to $49.50 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 $48.95 to $49.50 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 the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2021, all options were vested and exercisable.