SEC Form 4 · accession 0001232410-16-000002
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ram Gupta
Director
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 5:32 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 | Apr 1, 2016 | A | 7,978 | $0.00 | A | 20,372 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units acquired by the Reporting Person pursuant to the 2008 Stock Option and Incentive Plan and 2016 Fiscal Year Non Employee Director Compensation Plan for services provided as a director applicable to the 2016 fiscal year. Each restricted stock unit represents the right to receive one share of common stock. The restricted stock units vest on December 1, 2016, subject to the Reporting Person's continued service on the Progress Software Corporation Board of Directors on such vesting date.