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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2022
Jan 24, 2022
31754_dirs_2022-01-24_843b5468-f733-4029-9f46-24d2c423d23c.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: 2022-01-20
Reporting Person: LoCoco Domenic (Chief Accounting Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-20 | Restricted Stock Units | $ | A | 2248 | Acquired | Common Stock (2248.0) | Direct | |
| 2022-01-20 | Employee Stock Options (Right to buy) | $44.49 | A | 9320 | Acquired | 2029-01-19 | Common Stock (9320.0) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.
F2: Represents restricted stock units granted to the Reporting Person 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.
F3: The stock options vest in eight equal semiannual installments beginning on October 1, 2022, subject to the continued employment of the Reporting Person with the Company.