PROGRESS SOFTWARE CORP /MA — Director's Dealing 2022

Jan 24, 2022

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: FABERMAN STEPHEN H (Chief Legal Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-20	Restricted Stock Units	$	A	5620	Acquired		Common Stock (5620.0)	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 performance-based restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest on February 1, 2025, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2024, and the continued employment of the Reporting Person with the Company.