Domenic LoCoco - 11 Jan 2022 Form 3 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Accounting Officer
Signature
Stephen H. Faberman, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
11 Jan 2022
Net transactions value
$0
Form type
3
Filing time
24 Jan 2022, 16:07:41 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 1,582 11 Jan 2022 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) 11 Jan 2022 Common Stock 1,264 $29.25 Direct F1
holding PRGS Employee Stock Options (Right to buy) 11 Jan 2022 Common Stock 4,503 $50.69 Direct F2
holding PRGS Employee Stock Options (Right to buy) 11 Jan 2022 Common Stock 6,025 $34.73 Direct F3
holding PRGS Restricted Stock Units 11 Jan 2022 Common Stock 228 Direct F4, F5
holding PRGS Restricted Stock Units 11 Jan 2022 Common Stock 637 Direct F5, F6
holding PRGS Employee Stock Options (Right to buy) 11 Jan 2022 Common Stock 5,656 $47.16 Direct F7
holding PRGS Restricted Stock Units 11 Jan 2022 Common Stock 1,468 Direct F5, F8
holding PRGS Employee Stock Options (Right to buy) 11 Jan 2022 Common Stock 8,109 $42.61 Direct F9
* 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 8,390 Employee Stock Options pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning October 1, 2017, subject to the continued employment of the Reporting Person with the Company. 1,264 options are vested and exercisable. 7,126 options were exercised and sold.
F2 On January 12, 2018, the Reporting Person was granted 4,503 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. 3,941 options are vested and exercisable.
F3 On January 22, 2019, the Reporting Person was granted 6,525 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. 3,580 options are vested and exercisable. 500 options were exercised and sold.
F4 On January 22, 2019, the Reporting Person was granted 1,368 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 January 21, 2020, the Reporting Person was granted 1,273 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.
F7 On January 21, 2020, the Reporting Person was granted 5,656 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. 2,121 options are vested and exercisable.
F8 On January 19, 2021, the Reporting Person was granted 1,761 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.
F9 On January 19,2021, the Reporting Person was granted 8,109 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. 1,014 options are vested and exercisable.