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Filing Details

Accession Number:: 0000876167-22-000202
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-17 17:25:16
Reporting Period:: 2022-11-15

Accepted Time:: 2022-11-17 17:25:16
SEC Url:: Form 4 Filing

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
1906390	Domenic Lococo	C/O Progress Software Corporation 15 Wayside Road, Suite 400 Burlington MA 01803	Chief Accounting Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2022-11-15	264	$29.25	2,150	No	4	M	Direct
Common Stock	Disposition	2022-11-15	264	$51.99	1,886	No	4	S	Direct
Common Stock	Acquisiton	2022-11-15	1,132	$34.73	3,018	No	4	M	Direct
Common Stock	Disposition	2022-11-15	1,132	$52.10	1,886	No	4	S	Direct
Common Stock	Acquisiton	2022-11-15	500	$42.61	2,386	No	4	M	Direct
Common Stock	Disposition	2022-11-15	500	$52.12	1,886	No	4	S	Direct
Common Stock	Disposition	2022-11-15	300	$52.01	1,586	No	4	S	Direct
Common Stock	Disposition	2022-11-15	200	$51.99	1,386	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Options (Right to buy)	Disposition	2022-11-15	264	$0.00	264	$29.25
Common Stock	Employee Stock Options (Right to buy)	Disposition	2022-11-15	1,132	$0.00	1,132	$34.73
Common Stock	Employee Stock Options (Right to buy)	Disposition	2022-11-15	500	$0.00	500	$42.61

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2024-02-16	No	4	M	Direct
4,893	2026-01-21	No	4	M	Direct
7,609	2028-01-18	No	4	M	Direct

Footnotes

The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 8, 2022.
This transaction was executed in multiple trades at prices ranging from $51.97 to $52.24 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
This transaction was executed in multiple trades at prices ranging from $51.77 to $52.428 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
This transaction was executed in multiple trades at prices ranging from $51.97 to $52.428 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
Options were granted to the Reporting Person on February 17, 2017 under Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. As of April 1, 2021, all options were vested and exercisable.
Options were granted to the Reporting Person on January 22, 2019 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2022, 4,078 options were vested and exercisable.
Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2022, 2,542 options were vested and exercisable.