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Filing Details

Accession Number:: 0001140361-11-051449
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-11-02 17:00:03
Reporting Period:: 2011-11-01

Filing Date:: 2011-11-02
Accepted Time:: 2011-11-02 17:00:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
857005	Parametric Technology Corp	PMTC	Services-Prepackaged Software (7372)	042866152

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1186555	E James Heppelmann	140 Kendrick Street Needham MA 02494	President And Ceo	Yes	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	Explanation
Common Stock	Acquisiton	2011-11-01	79,999	$8.50	308,562	No	4	M	Direct
Common Stock	Disposition	2011-11-01	89,999	$20.09	218,563	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2011-11-01	79,999	$0.00	79,999	$8.50
Common Stock	Restricted Stock Units	Acquisiton	2011-11-01	86,945	$0.00	86,945	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2011-11-01	86,945	$0.00	86,945	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2011-11-01	86,945	$0.00	86,945	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2003-05-30	2012-05-30	No	4	M	Direct
86,945			No	4	A	Direct
86,945			No	4	A	Direct
86,945			No	4	A	Direct

Footnotes

Shares sold pursuant to a pre-established 10b5-1(c) trading plan.
This transaction was executed in multiple trades at prices ranging from $19.75 to $20.55. The price reported above reflects the wieghted average sale price. 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 number of shares and prices at which the transaction was effected.
Each restricted stock unit represents a contingent right to receive one share of Parametric Technology Corporation common stock.
The option became exercisable as to 40,000 shares on each of May 30, 2003, May 30, 2004 and May 30, 2005 and as to an additional 39,999 shares on May 30, 2006.
Performance-based restricted stock units subject to subsequent time-based restrictions. The restricted stock units will be earned only to the extent the established performance criteria are met. The restricted stock units finally earned will vest as to one-third of such units on each of (i) the latter of November 15, 2012 or the date the Compensation Committee determines the performance criteria have been achieved, (ii) November 15, 2013 and (iii) November 15, 2014.
Performance-based restricted stock units that may be earned only to the extent the established performance criteria are met. Vesting of up to half of these restricted stock units will occur on the later of November 15, 2013 and the date the Compensation Committee determines the extent to which the performance criteria have been achieved, and vesting of up to the remaining half of these restricted stock units, plus any unearned in the first period, will occur on the later of November 15, 2014 and the date the Compensation Committee determines the extent to which the performance criteria have been achieved, in each case only if and to the extent the applicable performance criteria have been achieved.
Time-based restricted stock units that vest in three substantially equal increments on each of November 15, 2012, November 15, 2013, and November 15, 2014.
This amount represents the total number of derivative securities beneficially owned of the class shown.