SEC Form 4 · accession 0001270656-16-000015
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen H Faberman
Officer — Chief Legal Officer
Period of report
Oct 14, 2016
Accepted (ET)
Oct 18, 2016 · 5:20 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 Stock | Oct 14, 2016 | M | 3,525 | $15.93 | A | 61,080 | D | |
| Common StockF1 | Oct 14, 2016 | F | 2,065 | $27.21 | D | 59,015 | 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 | $15.93 | Oct 14, 2016 | M | 3,525 | D | — | Oct 15, 2016 | Common Stock | 3,525 | 0 | D |
Explanation of responses
- F1Represents shares of common stock withheld by Issuer to pay the aggregate exercise price of the underlying stock option of the Reporting Person.
- F2Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vested in 52 equal monthly increments commencing on November 1, 2009.