Jennifer Ortiz - Oct 5, 2021 Form 3 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role: EVP, Corporate Marketing
Signature: Stephen H. Faberman, Attorney-in-Fact
Stock symbol: PRGS
Transactions as of: Oct 5, 2021
Transactions value $: $0
Form type: 3
Date filed: 10/14/2021, 04:29 PM
Next filing: Jan 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PRGS	Common Stock						3.74K	Oct 5, 2021	Direct

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
holding	PRGS	Employee Stock Options (Right to buy)							Oct 5, 2021	Common Stock	3.78K	$29.25	Direct	F1
holding	PRGS	Employee Stock Options (Right to buy)							Oct 5, 2021	Common Stock	2.84K	$50.69	Direct	F2
holding	PRGS	Employee Stock Options (Right to buy)							Oct 5, 2021	Common Stock	4.81K	$34.73	Direct	F3
holding	PRGS	Restricted Stock Units							Oct 5, 2021	Common Stock	168		Direct	F4, F5
holding	PRGS	Restricted Stock Units							Oct 5, 2021	Common Stock	608		Direct	F5, F6
holding	PRGS	Restricted Stock Units							Oct 5, 2021	Common Stock	796		Direct	F5, F7
holding	PRGS	Employee Stock Options (Right to buy)							Oct 5, 2021	Common Stock	7.07K	$47.16	Direct	F8
holding	PRGS	Restricted Stock Units							Oct 5, 2021	Common Stock	2.45K		Direct	F5, F9
holding	PRGS	Employee Stock Options (Right to buy)							Oct 5, 2021	Common Stock	13.5K	$42.61	Direct	F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 17, 2017, the Reporting Person was granted 3,776 Employee Stock Options pursuant to Progress Software Corporation (the "Company's") 2008 Stock Option and Incentive Plan. The stock options vested in eight equal semiannual installments beginning October 1, 2017, subject to the continued employment of the Reporting Person with the Company. All options are vested and exercisable.
F2	On January 12, 2018, the Reporting Person was granted 2,844 Employee Stock Options pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning October 1, 2018, subject to the continued employment of the Reporting Person with the Company. 2,489 options are vested and exercisable.
F3	On January 22, 2019, the Reporting Person was granted 4,808 Employee Stock Options pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning October 1, 2019, subject to the continued employment of the Reporting Person with the Company. 3,005 options are vested and exercisable.
F4	On January 22, 2019, the Reporting Person was granted 1,008 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.
F5	Restricted stock units convert into common stock on a one-for-one basis.
F6	On July 1, 2019, the Reporting Person was granted 1,820 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, 2020, subject to the continued employment of the Reporting Person with the Company.
F7	On January 21, 2020, the Reporting Person was granted 1,591 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.
F8	On January 21, 2020, the Reporting Person was granted 7,069 Employee Stock Options pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning October 1, 2020, subject to the continued employment of the Reporting Person with the Company. 2,652 options are vested and exercisable.
F9	On January 19, 2021, the Reporting Person was granted 2,935 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.
F10	On January 19, 2021, the Reporting Person was granted 13,514 Employee Stock Options pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning October 1, 2021, subject to the continued employment of the Reporting Person with the Company. 1,690 options are vested and exercisable.