Domenic LoCoco - 05 May 2022 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Accounting Officer
Signature
Anthony Folger, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
05 May 2022
Net transactions value
-$56,932
Form type
4
Filing time
09 May 2022, 16:47:49 UTC
Previous filing
05 Apr 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 Sale $13,212 -269 -11% $49.11 2,134 05 May 2022 Direct F1, F2
transaction PRGS Common Stock Sale $23,897 -487 -23% $49.07 1,647 05 May 2022 Direct F3
transaction PRGS Common Stock Options Exercise $29,250 +1,000 +61% $29.25 2,647 05 May 2022 Direct
transaction PRGS Common Stock Sale $49,074 -1,000 -38% $49.07 1,647 05 May 2022 Direct F4

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 -1,000 -79% $0.000000 264 05 May 2022 Common Stock 1,000 $29.25 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $48.97 to $49.50 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F2 Includes 385 shares of common stock acquired by the Reporting Person on March 31, 2022 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
F3 This transaction was executed in multiple trades at prices ranging from $48.85 to $49.50 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F4 This transaction was executed in multiple trades at prices ranging from $48.95 to $49.50 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F5 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.