Filing Details
- Accession Number:
- 0000876167-24-000023
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-01-22 16:22:41
- Reporting Period:
- 2024-01-18
- Accepted Time:
- 2024-01-22 16:22:41
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2024-01-18 | 4,503 | $50.69 | 7,403 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-01-18 | 4,503 | $57.00 | 2,900 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | 2024-01-18 | 4,503 | $57.00 | 4,503 | $50.69 |
| Common Stock | Restricted Stock Units | Acquisiton | 2024-01-18 | 4,842 | $0.00 | 4,842 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2025-01-11 | No | 4 | M | Direct | |
| 4,842 | No | 4 | A | Direct |
Footnotes
- Includes 105 shares of common stock acquired by the Reporting Person on December 31, 2023 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
- The trading activity reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 9, 2023.
- 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, 4,503 shares were vested and exercisable.
- Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- Represents restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2024, subject to the continued employment of the Reporting Person with the Company.
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