ANTHONY FOLGER - 01 Apr 2022 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Financial Officer
Signature
Anthony Folger
Issuer symbol
PRGS
Transactions as of
01 Apr 2022
Net transactions value
-$92,333
Form type
4
Filing time
05 Apr 2022, 17:19:45 UTC
Previous filing
24 Jan 2022
Next filing
05 Oct 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 $0 +2,541 +27% $0.000000 11,999 01 Apr 2022 Direct F1
transaction PRGS Common Stock Tax liability $51,729 -1,102 -9.2% $46.94 10,897 01 Apr 2022 Direct F2
transaction PRGS Common Stock Options Exercise $0 +1,995 +18% $0.000000 12,892 01 Apr 2022 Direct F1
transaction PRGS Common Stock Tax liability $40,604 -865 -6.7% $46.94 12,027 01 Apr 2022 Direct F3

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 Options Exercise $0 -2,541 -33% $0.000000 5,082 01 Apr 2022 Common Stock 2,541 Direct F1, F4
transaction PRGS Restricted Stock Units Options Exercise $0 -1,995 -20% $0.000000 7,982 01 Apr 2022 Common Stock 1,995 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Represents shares of common stock withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on March 30, 2020.
F3 Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2021.
F4 On March 30, 2020, the Reporting Person was granted 15,243 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.
F5 On January 19, 2021, the Reporting Person was granted 11,972 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.