Sundar Subramanian - 01 Dec 2021 Form 3 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
EVP/GM DevSecOps
Signature
Stephen H. Faberman, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
01 Dec 2021
Net transactions value
$0
Form type
3
Filing time
09 Dec 2021, 15:13:52 UTC
Next filing
24 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PRGS Common Stock 7,668 01 Dec 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 Restricted Stock Units 01 Dec 2021 Common Stock 1,752 Direct F1, F2
holding PRGS Restricted Stock Units 01 Dec 2021 Common Stock 1,578 Direct F2, F3
holding PRGS Employee Stock Options (Right to buy) 01 Dec 2021 Common Stock 14,617 $38.06 Direct F4
holding PRGS Restricted Stock Units 01 Dec 2021 Common Stock 1,909 Direct F2, F5
holding PRGS Employee Stock Options (Right to buy) 01 Dec 2021 Common Stock 11,311 $47.16 Direct F6
holding PRGS Restricted Stock Units 01 Dec 2021 Common Stock 4,695 Direct F2, F7
holding PRGS Employee Stock Options (Right to buy) 01 Dec 2021 Common Stock 17,298 $42.61 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 30, 2019, the Reporting Person was granted 5,255 restricted stock units pursuant to Progress Software Corporation's (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.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 On September 30, 2019, the Reporting Person was granted 4,730 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.
F4 On September 30, 2019, the Reporting Person was granted 14,617 Employee Stock Options pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning April 1, 2020, subject to the continued employment of the Reporting Person with the Company. 7,309 options are vested and exercisable.
F5 On January 21, 2020, the Reporting Person was granted 3,817 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.
F6 On January 21, 2020, the Reporting Person was granted 11,311 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. 4,242 options are vested and exercisable.
F7 On January 19, 2021, the Reporting Person was granted 5,634 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.
F8 On January 19,2021, the Reporting Person was granted 17,298 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. 2,163 options are vested and exercisable.