Filing Details
- Accession Number:
- 0000876167-24-000151
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-10-03 16:16:47
- Reporting Period:
- 2024-10-01
- Accepted Time:
- 2024-10-03 16:16:47
- 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 |
|---|---|---|---|---|---|---|---|
| 1948524 | Stephanie Yufan Wang | C/O Progress Software Corporation 15 Wayside Road, Suite 400 Burlington MA 01803 | Chief Legal 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 | 2024-10-01 | 460 | $0.00 | 460 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-10-01 | 204 | $66.55 | 256 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2024-10-01 | 1,070 | $0.00 | 1,326 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-10-01 | 475 | $66.55 | 851 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2024-10-01 | 1,037 | $0.00 | 1,888 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-10-01 | 460 | $66.55 | 1,428 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2024-10-02 | 1,428 | $65.25 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2024-10-01 | 460 | $0.00 | 460 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2024-10-01 | 1,070 | $0.00 | 1,070 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2024-10-01 | 1,037 | $0.00 | 1,037 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 920 | No | 4 | M | Direct | ||
| 3,210 | No | 4 | M | Direct | ||
| 5,189 | 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 June 30, 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.
- 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 18, 2024.
- 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 5, 2024.
- On June 30, 2022, the Reporting Person was granted 2,760 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 April 1, 2023, subject to the continued employment of the Reporting Person with the Company.
- On January 19, 2023, the Reporting Person was granted 6,419 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.
- On January 18, 2024, the Reporting Person was granted 6,226 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, 2024, subject to the continued employment of the Reporting Person with the Company.
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