Jennifer Ortiz - 16 May 2022 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
EVP, Corporate Marketing
Signature
Anthony Folger, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
16 May 2022
Net transactions value
-$21,569
Form type
4
Filing time
18 May 2022, 16:17:14 UTC
Previous filing
05 Apr 2022
Next filing
18 Aug 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 +26% $29.25 6,136 16 May 2022 Direct F1
transaction PRGS Common Stock Sale $58,248 -1,254 -20% $46.45 4,882 16 May 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 -50% $0.000000 1,268 16 May 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 337 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.
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.