Jennifer Ortiz - Oct 3, 2022 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
EVP, Corporate Marketing
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Oct 3, 2022
Transactions value $
-$30,477
Form type
4
Date filed
10/5/2022, 04:58 PM
Previous filing
Aug 18, 2022
Next filing
Nov 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +304 +6.1% $0.00 5.29K Oct 3, 2022 Direct F1
transaction PRGS Common Stock Tax liability -$5.52K -129 -2.44% $42.81 5.16K Oct 3, 2022 Direct F2
transaction PRGS Common Stock Options Exercise $0 +265 +5.14% $0.00 5.42K Oct 3, 2022 Direct F1
transaction PRGS Common Stock Tax liability -$4.84K -113 -2.08% $42.81 5.31K Oct 3, 2022 Direct F3
transaction PRGS Common Stock Options Exercise $0 +489 +9.21% $0.00 5.8K Oct 3, 2022 Direct F1
transaction PRGS Common Stock Tax liability -$8.9K -208 -3.59% $42.81 5.59K Oct 3, 2022 Direct F4
transaction PRGS Common Stock Options Exercise $0 +618 +11.05% $0.00 6.21K Oct 3, 2022 Direct F1
transaction PRGS Common Stock Tax liability -$11.2K -262 -4.22% $42.81 5.95K Oct 3, 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 -304 -100% $0.00* 0 Oct 3, 2022 Common Stock 304 Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -265 -49.91% $0.00 266 Oct 3, 2022 Common Stock 265 Direct F1, F7
transaction PRGS Restricted Stock Units Options Exercise $0 -489 -24.99% $0.00 1.47K Oct 3, 2022 Common Stock 489 Direct F1, F8
transaction PRGS Restricted Stock Units Options Exercise $0 -618 -16.66% $0.00 3.09K Oct 3, 2022 Common Stock 618 Direct F1, F9
* 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 July 1, 2019.
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 July 1, 2019, the Reporting Person was granted 1,820 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.
F7 On January 21, 2020, the Reporting Person was granted 1,591 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.
F8 On January 19, 2021, the Reporting Person was granted 2,935 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.
F9 On January 20, 2022, the Reporting Person was granted 3,709 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.