SEC Form 4 · accession 0000876167-17-000019
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Egan
Director
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 3:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000876167
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 31, 2017 | A | 6,885 | $0.00 | A | 48,406 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents deferred stock units acquired by Reporting Person pursuant to the Company's 2008 Stock Options and Incentive Plan and 2017 Fiscal Year Non-Employee Director Compensation Plan for services provided as a director applicable to the 2017 fiscal year. The deferred stock units are fully earned on December 1, 2017, subject to the Reporting Person's continued service on the Progress Software Corporation Board of Directors on such date. The deferred stock units are payable exclusively in common stock on a one-for-one basis on the earlier of a change in control of Progress Software Corporation or when Reporting Person ceases to provide services to the Company as a director following December 1, 2017.