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

Signature
YuFan Stephanie Wang, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Oct 3, 2022
Transactions value $
-$16,608
Form type
4
Date filed
10/5/2022, 05:00 PM
Previous filing
Apr 5, 2022
Next filing
Jan 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +488 +55.71% $0.00 1.36K Oct 3, 2022 Direct F1, F2
transaction PRGS Common Stock Tax liability -$6.98K -163 -11.95% $42.81 1.2K Oct 3, 2022 Direct F3
transaction PRGS Common Stock Options Exercise $0 +674 +56.12% $0.00 1.88K Oct 3, 2022 Direct F1
transaction PRGS Common Stock Tax liability -$9.63K -225 -12% $42.81 1.65K Oct 3, 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 Restricted Stock Units Options Exercise $0 -488 -19.98% $0.00 1.96K Oct 3, 2022 Common Stock 488 Direct F1, F5
transaction PRGS Restricted Stock Units Options Exercise $0 -674 -16.66% $0.00 3.37K Oct 3, 2022 Common Stock 674 Direct F1, F6
* 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 518 shares of common stock acquired by the Reporting Person through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan: 431 shares on March 31, 2022 and 87 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 27, 2021.
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 20, 2022.
F5 On September 27, 2021, the Reporting Person was granted 2,931 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, 2022, subject to the continued employment of the Reporting Person with the Company.
F6 On January 20, 2022, the Reporting Person was granted 4,046 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.