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

Role: Chief Accounting Officer
Signature: Stephen H. Faberman, Attorney-in-Fact
Stock symbol: PRGS
Transactions as of: Jan 11, 2022
Transactions value $: $0
Form type: 3
Date filed: 1/24/2022, 04:07 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						1.58K	Jan 11, 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)							Jan 11, 2022	Common Stock	1.26K	$29.25	Direct	F1
holding	PRGS	Employee Stock Options (Right to buy)							Jan 11, 2022	Common Stock	4.5K	$50.69	Direct	F2
holding	PRGS	Employee Stock Options (Right to buy)							Jan 11, 2022	Common Stock	6.03K	$34.73	Direct	F3
holding	PRGS	Restricted Stock Units							Jan 11, 2022	Common Stock	228		Direct	F4, F5
holding	PRGS	Restricted Stock Units							Jan 11, 2022	Common Stock	637		Direct	F5, F6
holding	PRGS	Employee Stock Options (Right to buy)							Jan 11, 2022	Common Stock	5.66K	$47.16	Direct	F7
holding	PRGS	Restricted Stock Units							Jan 11, 2022	Common Stock	1.47K		Direct	F5, F8
holding	PRGS	Employee Stock Options (Right to buy)							Jan 11, 2022	Common Stock	8.11K	$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.