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Filing Details

Accession Number:: 0000876167-23-000180
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-10-03 16:20:11
Reporting Period:: 2023-10-01

Accepted Time:: 2023-10-03 16:20:11
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
1794348	Kathryn Kulikoski	C/O Progress Software Corporation 15 Wayside Road, Suite 400 Burlington MA 01803	Chief People 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	2023-10-01	646	$0.00	2,719	No	4	M	Direct
Common Stock	Disposition	2023-10-01	300	$53.16	2,419	No	4	F	Direct
Common Stock	Acquisiton	2023-10-01	843	$0.00	3,262	No	4	M	Direct
Common Stock	Disposition	2023-10-01	391	$53.16	2,871	No	4	F	Direct
Common Stock	Acquisiton	2023-10-01	826	$0.00	3,697	No	4	M	Direct
Common Stock	Disposition	2023-10-01	383	$53.16	3,314	No	4	F	Direct
Common Stock	Acquisiton	2023-10-02	1,487	$42.61	4,801	No	4	M	Direct
Common Stock	Disposition	2023-10-02	1,487	$52.50	3,314	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	M	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	2023-10-01	646	$0.00	646	$0.00
Common Stock	Restricted Stock Units	Disposition	2023-10-01	843	$0.00	843	$0.00
Common Stock	Restricted Stock Units	Disposition	2023-10-01	826	$0.00	826	$0.00
Common Stock	Employee Stock Options	Disposition	2023-10-02	1,487	$0.00	1,487	$42.61

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
646		No	4	M	Direct
2,529		No	4	M	Direct
4,135		No	4	M	Direct
8,918	2028-01-18	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 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.
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, 2023.
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 13, 2023.
On January 19, 2021, the Reporting Person was granted 3,874 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 5,058 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.
On January 19, 2023, the Reporting Person was granted 4,961 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, 2023, subject to the continued employment of the Reporting Person with the Company.
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, 2023, 7,434 options were vested and exercisable.