Domenic LoCoco - Jan 20, 2022 Form 4 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 20, 2022
Transactions value $
$0
Form type
4
Date filed
1/24/2022, 04:30 PM
Previous filing
Jan 24, 2022
Next filing
Apr 5, 2022

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 Award $0 +2.25K $0.00 2.25K Jan 20, 2022 Common Stock 2.25K Direct F1, F2
transaction PRGS Employee Stock Options (Right to buy) Award $0 +9.32K $0.00 9.32K Jan 20, 2022 Common Stock 9.32K $44.49 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.
F2 Represents restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2022, subject to the continued employment of the Reporting Person with the Company.
F3 The stock options vest in eight equal semiannual installments beginning on October 1, 2022, subject to the continued employment of the Reporting Person with the Company.