Domenic LoCoco - 03 Oct 2022 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Accounting Officer
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
03 Oct 2022
Net transactions value
-$15,239
Form type
4
Filing time
05 Oct 2022, 16:58:10 UTC
Previous filing
09 May 2022
Next filing
01 Nov 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 +212 +12% $0.000000 1,971 03 Oct 2022 Direct F1, F2
transaction PRGS Common Stock Tax liability $3,681 -86 -4.4% $42.80 1,885 03 Oct 2022 Direct F3
transaction PRGS Common Stock Options Exercise $0 +293 +16% $0.000000 2,178 03 Oct 2022 Direct F1
transaction PRGS Common Stock Tax liability $5,094 -119 -5.5% $42.80 2,059 03 Oct 2022 Direct F4
transaction PRGS Common Stock Options Exercise $0 +374 +18% $0.000000 2,433 03 Oct 2022 Direct F1
transaction PRGS Common Stock Tax liability $6,464 -151 -6.2% $42.80 2,282 03 Oct 2022 Direct F5

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 -212 -50% $0.000000 213 03 Oct 2022 Common Stock 212 Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -293 -25% $0.000000 882 03 Oct 2022 Common Stock 293 Direct F1, F7
transaction PRGS Restricted Stock Units Options Exercise $0 -374 -17% $0.000000 1,874 03 Oct 2022 Common Stock 374 Direct F1, F8
* 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 Includes 112 shares of common stock acquired by the Reporting Person on June 30, 2022 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
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 21, 2020.
F4 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.
F5 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 20, 2022.
F6 On January 21, 2020, the Reporting Person was granted 1,273 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.
F7 On January 19, 2021, the Reporting Person was granted 1,761 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.
F8 On January 20, 2022, the Reporting Person was granted 2,248 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, 2022, subject to the continued employment of the Reporting Person with the Company.