SEC Form 4 · accession 0001270656-18-000006
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
Apr 26, 2018
Accepted (ET)
Apr 30, 2018 · 10:48 am 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,F2 | Apr 26, 2018 | M | 3,500 | $29.64 | A | 73,033 | D | |
| Common StockF1 | Apr 26, 2018 | F | 3,002 | $37.1425 | D | 70,031 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF3 | $29.64 | Apr 26, 2018 | M | 3,500 | D | — | Apr 27, 2018 | Common Stock | 3,500 | 0 | D |
Explanation of responses
- F1This Form 4 is being filed to report the exercise of a stock option for a total of 3,500 shares by means of attestation, which is a method of exercising a stock option in which the optionholder attests to the ownership of enough shares of stock already owned by the optionholder to cover the exercise price of the option being exercised. As a result of this transaction, the Reporting Person acquired ownership of an incremental 498 shares of common stock.
- F2Includes 919 shares of common stock acquired through Issuer's Employee Stock Purchase Plan on March 31, 2018.
- F3Two-forty-eighths (2/48) of the options were vested and exercisable on the grant date. The remaining options vested in 46 equal monthly installments commencing on May 1, 2011.