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Filing Details

Accession Number:: 0000876167-23-000074
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-04-04 18:27:29
Reporting Period:: 2023-04-01

Accepted Time:: 2023-04-04 18:27:29
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
1566737	Anthony Folger	C/O Progress Software Corporation 15 Wayside Road, Suite 400 Burlington MA 01803	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-04-01	2,541	$0.00	24,657	No	4	M	Direct
Common Stock	Disposition	2023-04-01	1,127	$57.16	23,530	No	4	F	Direct
Common Stock	Acquisiton	2023-04-01	1,995	$0.00	25,525	No	4	M	Direct
Common Stock	Disposition	2023-04-01	885	$57.16	24,640	No	4	F	Direct
Common Stock	Acquisiton	2023-04-01	2,248	$0.00	26,888	No	4	M	Direct
Common Stock	Disposition	2023-04-01	997	$57.16	25,891	No	4	F	Direct
Common Stock	Disposition	2023-04-04	3,502	$55.80	22,389	No	4	S	Direct
Common Stock	Disposition	2023-04-04	273	$56.42	22,116	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	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	Restricted Stock Units	Disposition	2023-04-01	2,541	$0.00	2,541	$0.00
Common Stock	Restricted Stock Units	Disposition	2023-04-01	1,995	$0.00	1,995	$0.00
Common Stock	Restricted Stock Units	Disposition	2023-04-01	2,248	$0.00	2,248	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	M	Direct
3,992	No	4	M	Direct
8,992	No	4	M	Direct

Footnotes

Restricted stock units convert into common stock on a one-for-one basis.
Represents shares of common stock withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on March 30, 2020.
Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2021.
Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 20, 2022.
The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 11, 2022.
This transaction was executed in multiple trades at prices ranging from $55.352 to $56.210 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.
On March 30, 2020, the Reporting Person was granted 15,243 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2020, subject to the continued employment of the Reporting Person with the Company.
On January 19, 2021, the Reporting Person was granted 11,972 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2021, subject to the continued employment of the Reporting Person with the Company.
On January 20, 2022, the Reporting Person was granted 13,487 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2022, subject to the continued employment of the Reporting Person with the Company.