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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
876167	Progress Software Corp	PRGS	Services-Prepackaged Software (7372)	042746201

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1041683	Richard Reidy	14 Oak Park Bedford MA 01730	President And Ceo.	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2010-04-01	3,969	$31.40	52,430	No	4	F	Direct
Common Stock	Acquisiton	2010-04-27	56,000	$0.00	108,430	No	4	A	Direct
Common Stock	Acquisiton	2010-04-27	33,864	$13.08	142,294	No	4	M	Direct
Common Stock	Disposition	2010-04-27	33,864	$32.20	108,430	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	F	Direct
No	4	A	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option	Disposition	2010-04-27	33,864	$0.00	33,864	$13.08
Common Stock	Employee Stock Option	Acquisiton	2010-04-27	210,000	$0.00	210,000	$31.98

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2011-10-09	No	4	M	Direct
210,000		2017-04-27	No	4	A	Direct

Footnotes

Represents shares of common stock withheld by Issuer to pay tax withholding obligation of reporting person upon the vesting of restricted stock units granted to the reporting person on May 12, 2009.
Includes 1,430 shares acquired through Employee Stock Purchase Plan on March 31, 2010.
Represents restricted stock units acquired by reporting person on April 27, 2010 pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2010, subject to the continued employment of the reporting person with Progress Software Corporation.
The option was originally granted on October 10, 2001 and vested in 60 equal monthly increments commencing on March 1, 2001.
Two-sixtieths (2/60) of the option were vested and exercisable on the grant date. The remaining options vest in 58 equal monthly increments commencing on May 1, 2010.