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

Role
EVP, Enterprise App Exper.
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
03 Oct 2022
Net transactions value
-$53,335
Form type
4
Filing time
05 Oct 2022, 17:01:13 UTC
Previous filing
03 May 2022
Next filing
23 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 +742 +2.3% $0.000000 33,563 03 Oct 2022 Direct F1
transaction PRGS Common Stock Tax liability $14,126 -330 -0.98% $42.80 33,233 03 Oct 2022 Direct F2
transaction PRGS Common Stock Options Exercise $0 +939 +2.8% $0.000000 34,172 03 Oct 2022 Direct F1
transaction PRGS Common Stock Tax liability $17,850 -417 -1.2% $42.80 33,755 03 Oct 2022 Direct F3
transaction PRGS Common Stock Options Exercise $0 +1,124 +3.3% $0.000000 34,879 03 Oct 2022 Direct F1
transaction PRGS Common Stock Tax liability $21,360 -499 -1.4% $42.80 34,380 03 Oct 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 -742 -50% $0.000000 743 03 Oct 2022 Common Stock 742 Direct F1, F5
transaction PRGS Restricted Stock Units Options Exercise $0 -939 -25% $0.000000 2,817 03 Oct 2022 Common Stock 939 Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -1,124 -17% $0.000000 5,620 03 Oct 2022 Common Stock 1,124 Direct F1, F7
* 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 January 21, 2020.
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 19, 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 January 21, 2020, the Reporting Person was granted 4,453 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.
F6 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.
F7 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.