SEC Form 4 · accession 0001301277-17-000002
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yogesh K Gupta
Officer — Chief Executive Officer · Director
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 12:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000876167
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF1 | $28.98 | Feb 23, 2017 | A | 149,573 | A | — | Feb 23, 2024 | Common Stock | 149,573 | 149,573 | D |
| Restricted Stock UnitsF2 | — | Feb 23, 2017 | A | 41,408 | A | — | — | Common Stock | 41,408 | 41,408 | D |
Explanation of responses
- F1Stock Options vest in eight equal semiannual installments beginning on October 1, 2017, subject to the continued employment of the Reporting Person with Progress Software Corporation.
- F2Represents performance-based restricted stock units that vest based on Progress Software Corporation total shareholder return over a three-year period, as will be determined at the first meeting of the Progress Software Corporation's compensation committee following November 30, 2019.