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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2024
Oct 17, 2024
31754_dirs_2024-10-17_541390e6-108b-4cbf-868c-bc354a6e9784.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: 2024-10-15
Reporting Person: Gupta Yogesh K (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-10-15 | Common Stock | M | 69195 | $50.69 | Acquired | 217440 | Direct |
| 2024-10-15 | Common Stock | F | 60609 | $66.72 | Disposed | 156831 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-10-15 | Employee Stock Options | $50.69 | M | 69195 | Disposed | 2025-01-11 | Common Stock (69195) | Direct |
Footnotes
F1: This Form 4 is being filed to report the exercise of stock options for a total of 69,195 shares, of which: (i) 52,571 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise and (ii) 8,038 shares owned by the Reporting Person were withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon exercise of the stock options. As a result of this exercise, the Reporting Person acquired ownership of 8,586 shares of common stock.
F2: Options were granted to the Reporting Person on January 12, 2018 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2022, 69,195 options were vested and exercisable.