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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	C/O Progress Software Corporation 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	Acquisiton	2011-04-28	41,300	$29.64	139,521	No	4	A	Direct
Common Stock	Acquisiton	2011-05-02	2,500	$11.61	142,021	No	4	M	Direct
Common Stock	Disposition	2011-05-02	2,500	$29.16	139,521	No	4	S	Direct
Common Stock	Acquisiton	2011-05-02	480	$8.83	140,001	No	4	M	Direct
Common Stock	Disposition	2011-05-02	480	$29.16	139,521	No	4	S	Direct
Common Stock	Acquisiton	2011-05-02	12,020	$9.00	151,541	No	4	M	Direct
Common Stock	Disposition	2011-05-02	12,020	$29.16	139,521	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	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	Stock Option	Acquisiton	2011-04-28	147,500	$0.00	147,500	$29.64
Common Stock	Stock Option	Disposition	2011-05-02	2,500	$0.00	2,500	$11.61
Common Stock	Stock Option	Disposition	2011-05-02	480	$0.00	480	$8.83
Common Stock	Stock Option	Disposition	2011-05-02	12,020	$0.00	12,020	$9.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
147,500	2018-04-27	No	4	A	Direct
0	2011-10-09	No	4	M	Direct
0	2012-08-01	No	4	M	Direct
45,700	2012-08-01	No	4	M	Direct

Footnotes

Represents restricted stock units acquired by reporting person on April 28, 2011 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, 2011, subject to the continued employment of the reporting person with Progress Software Corporation.
The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 8, 2011.
Two-forty-eights (2/48) of the option were vested and exercisable on the grant date. The remaining options vest in 46 equal monthly increments commencing on May 1, 2011.
This option involves the deemed cancellation of an "old" option and the deemed grant of a replacement option. The option was originally granted on October 10, 2001 and vested in 60 equal monthly increments commencing on March 1, 2001.
This option involves the deemed cancellation of an "old" option and the deemed grant of a replacement option. The option was originally granted on August 2, 2002 and vested in 60 equal monthly increments commencing on March 1, 2002.