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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2023
Jan 23, 2023
31754_dirs_2023-01-23_8639ef02-cb7b-469a-948d-2d825e516ad1.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: 2023-01-19
Reporting Person: Ortiz Jennifer (EVP, Corporate Marketing)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-01-19 | Restricted Stock Units | $ | A | 3794 | Acquired | Common Stock (3794.0) | Direct | |
| 2023-01-19 | Employee Stock Options (Right to buy) | $51.41 | A | 9022 | Acquired | 2030-01-18 | Common Stock (9022.0) | Direct |
| 2023-01-19 | Restricted Stock Units | $ | A | 6322 | Acquired | Common Stock (6322.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 5729 | Direct |
Footnotes
F1: Includes 89 shares of common stock acquired by the Reporting Person on December 31, 2022 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
F2: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F3: 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, 2023, subject to the continued employment of the Reporting Person with the Company.
F4: Represents stock options granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning on October 1, 2023, subject to the continued employment of the Reporting Person with the Company.
F5: 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, 2026, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2025, and the continued employment of the Reporting Person with the Company.