SEC Form 4 · accession 0001270656-15-000003
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen H Faberman
Officer — SVP and General Counsel
Period of report
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 4:31 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, 2015 | M | 434 | — | A | 31,732 | D | |
| Common StockF2 | Apr 1, 2015 | F | 165 | $26.78 | D | 31,567 | D | |
| Common StockF1 | Apr 1, 2015 | M | 2,500 | — | A | 34,067 | D | |
| Common StockF3 | Apr 1, 2015 | F | 855 | $26.78 | D | 33,212 | D | |
| Common StockF1 | Apr 1, 2015 | M | 2,500 | — | A | 35,712 | D | |
| Common StockF4 | Apr 1, 2015 | F | 799 | $26.78 | D | 34,913 | D | |
| Common StockF1 | Apr 1, 2015 | M | 292 | — | A | 35,205 | D | |
| Common StockF5 | Apr 1, 2015 | F | 95 | $26.78 | D | 35,110 | D | |
| Common StockF1 | Apr 1, 2015 | M | 1,084 | — | A | 36,194 | D | |
| Common StockF6 | Apr 1, 2015 | F | 353 | $26.78 | D | 35,841 | D | |
| Common StockF1 | Apr 1, 2015 | M | 1,967 | — | A | 37,808 | D | |
| Common StockF7 | Apr 1, 2015 | F | 640 | $26.78 | D | 37,168 | 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 UnitsF1,F8 | — | Apr 1, 2015 | M | 434 | D | — | — | Common Stock | 434 | 0 | D |
| Restricted Stock UnitsF1,F9 | — | Apr 1, 2015 | M | 2,500 | D | — | — | Common Stock | 2,500 | 5,000 | D |
| Restricted Stock UnitsF1,F10 | — | Apr 1, 2015 | M | 2,500 | D | — | — | Common Stock | 2,500 | 0 | D |
| Restricted Stock UnitsF1,F11 | — | Apr 1, 2015 | M | 292 | D | — | — | Common Stock | 292 | 0 | D |
| Restricted Stock UnitsF1,F12 | — | Apr 1, 2015 | M | 1,084 | D | — | — | Common Stock | 1,084 | 4,337 | D |
| Restricted Stock UnitsF1,F13 | — | Apr 1, 2015 | M | 1,967 | D | — | — | Common Stock | 1,967 | 3,934 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F10On January 22, 2013, the Reporting Person was granted 10,000 restricted stock units,vesting in four equal semi-annual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Issuer.
- F11On January 22, 2013, the Reporting Person was granted 1,750 restricted stock units, vesting in five installments, with one-third vesting on April 1, 2013 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
- F12On January 13, 2014, the Reporting Person was granted 6,505 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.
- F13On January 7, 2014, the Reporting Person was granted 11,800 performance-based restricted stock units, vesting in five installments, with one-third vesting on April 1, 2014 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
- F2Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on May 28, 2012.
- F3Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 22, 2013.
- F4Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 22, 2013.
- F5Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 22, 2013.
- F6Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 13, 2014.
- F7Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 7, 2014.
- F8On May 28, 2012, the Reporting Person was granted 2,600 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2012, subject to the continued employment of the Reporting Person with Issuer.
- F9On January 22, 2013, the Reporting Person was granted 15,000 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Issuer.