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

Role
EVP/GM DevOps
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
03 Oct 2022
Net transactions value
-$79,960
Form type
4
Filing time
05 Oct 2022, 16:58:32 UTC
Previous filing
05 Apr 2022
Next filing
13 Jan 2023
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 +876 +5.3% $0.000000 17,287 03 Oct 2022 Direct F1, F2
transaction PRGS Common Stock Tax liability $16,052 -375 -2.2% $42.80 16,912 03 Oct 2022 Direct F3
transaction PRGS Common Stock Options Exercise $0 +789 +4.7% $0.000000 17,701 03 Oct 2022 Direct F1
transaction PRGS Common Stock Tax liability $14,468 -338 -1.9% $42.80 17,363 03 Oct 2022 Direct F3
transaction PRGS Common Stock Options Exercise $0 +636 +3.7% $0.000000 17,999 03 Oct 2022 Direct F1
transaction PRGS Common Stock Tax liability $11,643 -272 -1.5% $42.80 17,727 03 Oct 2022 Direct F4
transaction PRGS Common Stock Options Exercise $0 +939 +5.3% $0.000000 18,666 03 Oct 2022 Direct F1
transaction PRGS Common Stock Tax liability $17,208 -402 -2.2% $42.80 18,264 03 Oct 2022 Direct F5
transaction PRGS Common Stock Options Exercise $0 +1,124 +6.2% $0.000000 19,388 03 Oct 2022 Direct F1
transaction PRGS Common Stock Tax liability $20,589 -481 -2.5% $42.80 18,907 03 Oct 2022 Direct F6

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 -876 -100% $0.000000* 0 03 Oct 2022 Common Stock 876 Direct F1, F7
transaction PRGS Restricted Stock Units Options Exercise $0 -789 -100% $0.000000* 0 03 Oct 2022 Common Stock 789 Direct F1, F8
transaction PRGS Restricted Stock Units Options Exercise $0 -636 -50% $0.000000 637 03 Oct 2022 Common Stock 636 Direct F1, F9
transaction PRGS Restricted Stock Units Options Exercise $0 -939 -25% $0.000000 2,817 03 Oct 2022 Common Stock 939 Direct F1, F10
transaction PRGS Restricted Stock Units Options Exercise $0 -1,124 -17% $0.000000 5,620 03 Oct 2022 Common Stock 1,124 Direct F1, F11
* 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 634 shares of common stock acquired by the Reporting Person through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan: 317 shares on March 31, 2022 and 317 shares on June 30, 2022.
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 September 30, 2019.
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 21, 2020.
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 19, 2021.
F6 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.
F7 On September 30, 2019, the Reporting Person was granted 5,255 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 April 1, 2020, subject to the continued employment of the Reporting Person with the Company.
F8 On September 30, 2019, the Reporting Person was granted 4,730 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 April 1, 2020, subject to the continued employment of the Reporting Person with the Company.
F9 On January 21, 2020, the Reporting Person was granted 3,817 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.
F10 On January 19, 2021, the Reporting Person was granted 5,634 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.
F11 On January 20, 2022, the Reporting Person was granted 6,744 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.