Gary Quinn - 01 Oct 2021 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Executive Vice President
Signature
Stephen H. Faberman, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
01 Oct 2021
Net transactions value
-$94,021
Form type
4
Filing time
05 Oct 2021, 17:20:05 UTC
Next filing
04 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +1,030 +13% $0.000000 8,798 01 Oct 2021 Direct F1
transaction PRGS Common Stock Tax liability $24,585 -495 -5.6% $49.67 8,303 01 Oct 2021 Direct F2
transaction PRGS Common Stock Options Exercise $0 +1,008 +12% $0.000000 9,311 01 Oct 2021 Direct F1
transaction PRGS Common Stock Tax liability $24,039 -484 -5.2% $49.67 8,827 01 Oct 2021 Direct F3
transaction PRGS Common Stock Options Exercise $0 +848 +9.6% $0.000000 9,675 01 Oct 2021 Direct F1
transaction PRGS Common Stock Tax liability $20,215 -407 -4.2% $49.67 9,268 01 Oct 2021 Direct F4
transaction PRGS Common Stock Options Exercise $0 +1,056 +11% $0.000000 10,324 01 Oct 2021 Direct F1
transaction PRGS Common Stock Tax liability $25,181 -507 -4.9% $49.67 9,817 01 Oct 2021 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRGS Restricted Stock Units Options Exercise $0 -1,030 -100% $0.000000* 0 01 Oct 2021 Common Stock 1,030 Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -1,008 -50% $0.000000 1,008 01 Oct 2021 Common Stock 1,008 Direct F1, F7
transaction PRGS Restricted Stock Units Options Exercise $0 -848 -25% $0.000000 2,546 01 Oct 2021 Common Stock 848 Direct F1, F8
transaction PRGS Restricted Stock Units Options Exercise $0 -1,056 -17% $0.000000 5,283 01 Oct 2021 Common Stock 1,056 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 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 October 15, 2018.
F3 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 22, 2019.
F4 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 21, 2020.
F5 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, 2021.
F6 On October 15, 2018, the Reporting Person was granted 6,175 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. One-third of the restricted stock units vest beginning October 1, 2019 and the remaining restricted stock units vest in four equal semiannual installments beginning April 1, 2020, subject to the continued employment of the Reporting Person with the Company.
F7 On January 22, 2019, the Reporting Person was granted 6,047 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, 2019, subject to the continued employment of the Reporting Person with the Company.
F8 On January 21, 2020, the Reporting Person was granted 5,090 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, 2020, subject to the continued employment of the Reporting Person with the Company.
F9 On January 19, 2021, the Reporting Person was granted 6,339 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.