Gary Quinn - 01 Apr 2022 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
05 Apr 2022, 17:23:29 UTC
Prior SEC filing
03 Feb 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Anthony Folger, Attorney-in-Fact

Key filing fact

Gary Quinn filed Form 4 for PROGRESS SOFTWARE CORP /MA (PRGS) on 05 Apr 2022.

Key facts

  • This page summarizes Gary Quinn's Form 4 filing for PROGRESS SOFTWARE CORP /MA (PRGS).
  • 9 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 05 Apr 2022, 17:23.

Change

  • Previous filing in this sequence was filed on 03 Feb 2022.
  • Current net transaction value: -$67,032.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PRGS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+1,008
Change %
+5.9%
Price
$0.000000
Shares after
17,953
Date
01 Apr 2022
Ownership
Direct
Footnotes
F1
PRGS transaction

Common Stock

Tax liability

Transaction value
$23,189
Shares
-494
Change %
-2.8%
Price
$46.94
Shares after
17,459
Date
01 Apr 2022
Ownership
Direct
Footnotes
F2
PRGS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+848
Change %
+4.9%
Price
$0.000000
Shares after
18,307
Date
01 Apr 2022
Ownership
Direct
Footnotes
F1
PRGS transaction

Common Stock

Tax liability

Transaction value
$19,527
Shares
-416
Change %
-2.3%
Price
$46.94
Shares after
17,891
Date
01 Apr 2022
Ownership
Direct
Footnotes
F3
PRGS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+1,056
Change %
+5.9%
Price
$0.000000
Shares after
18,947
Date
01 Apr 2022
Ownership
Direct
Footnotes
F1
PRGS transaction

Common Stock

Tax liability

Transaction value
$24,315
Shares
-518
Change %
-2.7%
Price
$46.94
Shares after
18,429
Date
01 Apr 2022
Ownership
Direct
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PRGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,008
Change %
-100%
Price
$0.000000*
Shares after
0
Date
01 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,008
Exercise price
Footnotes
F1, F5
PRGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-848
Change %
-33%
Price
$0.000000
Shares after
1,698
Date
01 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
848
Exercise price
Footnotes
F1, F6
PRGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,056
Change %
-20%
Price
$0.000000
Shares after
4,227
Date
01 Apr 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,056
Exercise price
Footnotes
F1, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Restricted stock units convert into common stock on a one-for-one basis.

Footnote 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 22, 2019.

Footnote 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.

Footnote 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.

Footnote F5

On January 22, 2019, the Reporting Person was granted 6,047 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, 2019, subject to the continued employment of the Reporting Person with the Company.

Footnote F6

On January 21, 2020, the Reporting Person was granted 5,090 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.

Footnote F7

On January 19, 2021, the Reporting Person was granted 6,339 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.

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