Filing Details
- Accession Number:
- 0000876167-23-000058
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-07 16:09:37
- Reporting Period:
- 2023-02-03
- Accepted Time:
- 2023-02-07 16:09:37
- 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 |
|---|---|---|---|---|---|---|---|
| 1878325 | Ian Pitt | C/O Progress Software Corporation 15 Wayside Road, Suite 400 Burlington MA 01803 | Chief Information Officer | No | 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 | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-02-03 | 2,054 | $51.18 | 3,704 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-02-03 | 1,398 | $44.49 | 5,102 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-03 | 3,970 | $56.82 | 1,132 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | 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 Options (Right to buy) | Disposition | 2023-02-03 | 2,054 | $0.00 | 2,054 | $51.18 |
| Common Stock | Employee Stock Options (Right to buy) | Disposition | 2023-02-03 | 1,398 | $0.00 | 1,398 | $44.49 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 6,157 | 2028-09-26 | No | 4 | M | Direct | |
| 9,786 | 2029-01-19 | No | 4 | M | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $56.26 to $57.25 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 September 27, 2021 under Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. As of October 1, 2022, 2,054 options were vested and exercisable.
- Options were granted to the Reporting Person on January 20, 2022 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2022, 1,398 options were vested and exercisable.
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