Domenic LoCoco - Nov 15, 2022 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Accounting Officer
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Nov 15, 2022
Transactions value $
-$56,423
Form type
4
Date filed
11/17/2022, 04:25 PM
Previous filing
Nov 1, 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 $7.72K +264 +14% $29.25 2.15K Nov 15, 2022 Direct
transaction PRGS Common Stock Sale -$13.7K -264 -12.28% $51.99 1.89K Nov 15, 2022 Direct F1, F2
transaction PRGS Common Stock Options Exercise $39.3K +1.13K +60.02% $34.73 3.02K Nov 15, 2022 Direct
transaction PRGS Common Stock Sale -$59K -1.13K -37.51% $52.10 1.89K Nov 15, 2022 Direct F1, F3
transaction PRGS Common Stock Options Exercise $21.3K +500 +26.51% $42.61 2.39K Nov 15, 2022 Direct
transaction PRGS Common Stock Sale -$26.1K -500 -20.96% $52.12 1.89K Nov 15, 2022 Direct F1, F4
transaction PRGS Common Stock Sale -$15.6K -300 -15.91% $52.01 1.59K Nov 15, 2022 Direct F1, F2
transaction PRGS Common Stock Sale -$10.4K -200 -12.61% $51.99 1.39K Nov 15, 2022 Direct F1, F2

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 Employee Stock Options (Right to buy) Options Exercise $0 -264 -100% $0.00* 0 Nov 15, 2022 Common Stock 264 $29.25 Direct F5
transaction PRGS Employee Stock Options (Right to buy) Options Exercise $0 -1.13K -18.79% $0.00 4.89K Nov 15, 2022 Common Stock 1.13K $34.73 Direct F6
transaction PRGS Employee Stock Options (Right to buy) Options Exercise $0 -500 -6.17% $0.00 7.61K Nov 15, 2022 Common Stock 500 $42.61 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 8, 2022.
F2 This transaction was executed in multiple trades at prices ranging from $51.97 to $52.24 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F3 This transaction was executed in multiple trades at prices ranging from $51.77 to $52.428 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F4 This transaction was executed in multiple trades at prices ranging from $51.97 to $52.428 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F5 Options were granted to the Reporting Person on February 17, 2017 under Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. As of April 1, 2021, all options were vested and exercisable.
F6 Options were granted to the Reporting Person on January 22, 2019 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2022, 4,078 options were vested and exercisable.
F7 Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2022, 2,542 options were vested and exercisable.