Filing Details
- Accession Number:
- 0000876167-23-000095
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-04-24 16:28:19
- Reporting Period:
- 2023-04-20
- Accepted Time:
- 2023-04-24 16:28:19
- 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 |
|---|---|---|---|---|---|---|---|
| 1750308 | Loren Jarrett | C/O Progress Software Corporation 15 Wayside Road, Suite 400 Burlington MA 01803 | Evp/Gm Digital Experience | 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 | 2023-04-20 | 23,490 | $29.25 | 42,718 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-04-20 | 23,490 | $56.58 | 19,228 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-04-20 | 13,271 | $50.69 | 32,499 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-04-20 | 13,271 | $56.57 | 19,228 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-04-20 | 9,267 | $56.57 | 9,961 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | 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 | Disposition | 2023-04-20 | 23,490 | $0.00 | 23,490 | $29.25 |
| Common Stock | Employee Stock Options | Disposition | 2023-04-20 | 13,271 | $0.00 | 13,271 | $50.69 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2024-02-16 | No | 4 | M | Direct | |
| 0 | 2025-01-11 | 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 January 20, 2023.
- This transaction was executed in multiple trades at prices ranging from $56.27 to $56.855 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 $56.17 to $56.85 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 $56.19 to $56.85 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 the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2021, 23,490 options were vested and exercisable.
- Options were granted to the Reporting Person on January 12, 2018 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2022, 13,271 options were vested and exercisable.
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