SEC Form 4 · accession 0001270656-15-000004
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
Jul 6, 2015
Accepted (ET)
Jul 8, 2015 · 4:37 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 | Jul 6, 2015 | M | 4,500 | $17.37 | A | 41,916 | D | |
| Common Stock | Jul 6, 2015 | S | 4,500 | $30.35 | D | 37,416 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $17.37 | Jul 6, 2015 | M | 4,500 | D | — | Jul 15, 2015 | Common Stock | 4,500 | 0 | D |
Explanation of responses
- F1Includes 248 shares of common stock acquired through the Employee Stock Purchase Plan.
- F2Represents stock options awarded to the Reporting Person as a New Hire Grant, pursuant to the Company's 2008 Stock Option and Incentive Plan.