SEC Form 4 · accession 0001227485-16-000010

PROGRESS SOFTWARE CORP /MA · PRGS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Philip M Pead

Officer — President and CEO · Director

Period of report

Oct 1, 2016

Accepted (ET)

Oct 4, 2016 · 5:08 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
Common Stock^F1	Oct 1, 2016	M	12,240	—	A	431,107	D
Common Stock^F2	Oct 1, 2016	F	5,697	$27.19	D	425,410	D
Common Stock^F1	Oct 1, 2016	M	3,661	—	A	429,071	D
Common Stock^F3	Oct 1, 2016	F	1,704	$27.19	D	427,367	D
Common Stock^F1	Oct 1, 2016	M	2,906	—	A	430,273	D
Common Stock^F4	Oct 1, 2016	F	1,353	$27.19	D	428,920	D
Common Stock^F1	Oct 1, 2016	M	3,731	—	A	432,651	D
Common Stock^F5	Oct 1, 2016	F	1,737	$27.19	D	430,914	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F6	—	Oct 1, 2016	M	12,240	D	—	—	Common Stock	12,240	12,240	D
Restricted Stock Units^F1,F7	—	Oct 1, 2016	M	3,661	D	—	—	Common Stock	3,661	13,077	D
Restricted Stock Units^F1,F8	—	Oct 1, 2016	M	2,906	D	—	—	Common Stock	2,906	8,718	D
Restricted Stock Units^F1,F9	—	Oct 1, 2016	M	3,731	D	—	—	Common Stock	3,731	18,658	D

Explanation of responses

F1Restricted stock units convert into common stock on a one-for-one basis.
F2Represents shares of common stock withheld by Issuer to pay tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 13, 2014.
F3Represents shares of common stock withheld by Issuer to pay tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on March 2, 2015.
F4Represents shares of common stock withheld by Issuer to pay tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on March 2, 2015.
F5Represents shares of common stock withheld by Issuer to pay tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2016.
F6On January 13, 2014, the Reporting Person was granted 73,437 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer.
F7Represents performance-based restricted stock units acquired by the Reporting Person based on Issuer performance in FY15, vesting in five installments, with one-third vesting on April 1, 2016 and the remaining restricted stocuk units vesting in four equal semi-annual installments beginning, subject to the continued employment of the Reporting Person with Issuer.
F8On March 2, 2015, the Reporting Person was granted 17,436 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Issuer.
F9On January 19, 2016, the Reporting Person was granted 22,389 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2016, subject to the continued employment of the Reporting Person with Issuer.