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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2022
Apr 5, 2022
31754_dirs_2022-04-05_f641fd8a-e9d1-42fd-a048-6d6551f23356.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: 2022-04-01
Reporting Person: Jarrett Loren (EVP & GM Developer Tools)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-04-01 | Common Stock | M | 1008 | — | Acquired | 26698 | Direct |
| 2022-04-01 | Common Stock | F | 448 | $46.941 | Disposed | 26250 | Direct |
| 2022-04-01 | Common Stock | M | 742 | — | Acquired | 26992 | Direct |
| 2022-04-01 | Common Stock | F | 330 | $46.941 | Disposed | 26662 | Direct |
| 2022-04-01 | Common Stock | M | 939 | — | Acquired | 27601 | Direct |
| 2022-04-01 | Common Stock | F | 417 | $46.941 | Disposed | 27184 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-04-01 | Restricted Stock Units | $ | M | 1008 | Disposed | Common Stock (1008.0) | Direct | |
| 2022-04-01 | Restricted Stock Units | $ | M | 742 | Disposed | Common Stock (742.0) | Direct | |
| 2022-04-01 | Restricted Stock Units | $ | M | 939 | Disposed | Common Stock (939.0) | Direct |
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 22, 2019.
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 21, 2020.
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 19, 2021.
F5: On January 22, 2019, the Reporting Person was granted 6,047 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, 2019, subject to the continued employment of the Reporting Person with the Company.
F6: On January 21, 2020, the Reporting Person was granted 4,453 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 5,634 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.