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

Role
EVP, Corporate Marketing
Signature
Stephen H. Faberman, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Feb 15, 2022
Transactions value $
-$20,139
Form type
4
Date filed
2/17/2022, 03:20 PM
Previous filing
Jan 24, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $36.7K +1.25K +32.76% $29.25 5.08K Feb 15, 2022 Direct F1
transaction PRGS Common Stock Sale -$56.8K -1.25K -24.68% $45.31 3.83K Feb 15, 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 -1.25K -33.21% $0.00 2.52K Feb 15, 2022 Common Stock 1.25K $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.