Jennifer Ortiz - 15 Feb 2022 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
EVP, Corporate Marketing
Signature
Stephen H. Faberman, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
15 Feb 2022
Net transactions value
-$20,139
Form type
4
Filing time
17 Feb 2022, 15:20:26 UTC
Previous filing
24 Jan 2022
Next filing
05 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $36,680 +1,254 +33% $29.25 5,082 15 Feb 2022 Direct F1
transaction PRGS Common Stock Sale $56,819 -1,254 -25% $45.31 3,828 15 Feb 2022 Direct F2

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 Employee Stock Options (Right to buy) Options Exercise $0 -1,254 -33% $0.000000 2,522 15 Feb 2022 Common Stock 1,254 $29.25 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 93 shares of common stock acquired by the Reporting Person on December 31, 2021 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
F2 The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 19, 2021.
F3 Options were granted to the Reporting Person on February 17, 2017 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2021, all options were vested and exercisable.