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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2024
Jan 22, 2024
31754_dirs_2024-01-22_9bc8986a-62b1-455f-8437-1178cc2de377.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: 2024-01-18
Reporting Person: LoCoco Domenic (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-18 | Common Stock | M | 4503 | $50.69 | Acquired | 7403 | Direct |
| 2024-01-18 | Common Stock | S | 4503 | $57 | Disposed | 2900 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-18 | Employee Stock Options (Right to buy) | $50.69 | M | 4503 | Disposed | 2025-01-11 | Common Stock (4503) | Direct |
| 2024-01-18 | Restricted Stock Units | $ | A | 4842 | Acquired | Common Stock (4842) | Direct |
Footnotes
F1: Includes 105 shares of common stock acquired by the Reporting Person on December 31, 2023 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
F2: The trading activity reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 9, 2023.
F3: 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, 4,503 shares were vested and exercisable.
F4: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F5: 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, 2024, subject to the continued employment of the Reporting Person with the Company.