SEC Form 4 · accession 0001306044-16-000006

PROGRESS SOFTWARE CORP /MA · PRGS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Paul A Jalbert

Officer — Chief Accounting Officer

Period of report

Apr 1, 2016

Accepted (ET)

Apr 5, 2016 · 8:30 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
Common Stock^F1,F2	Apr 1, 2016	M	350	—	A	24,269	D
Common Stock^F3	Apr 1, 2016	F	111	$24.66	D	24,158	D
Common Stock^F1	Apr 1, 2016	M	1,180	—	A	25,338	D
Common Stock^F4	Apr 1, 2016	F	373	$24.66	D	24,965	D
Common Stock^F1	Apr 1, 2016	M	333	—	A	25,298	D
Common Stock^F5	Apr 1, 2016	F	107	$24.66	D	25,191	D
Common Stock^F1	Apr 1, 2016	M	319	—	A	25,510	D
Common Stock^F6	Apr 1, 2016	F	104	$24.66	D	25,406	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 Units^F1,F7	—	Apr 1, 2016	M	350	D	—	—	Common Stock	350	700	D
Restricted Stock Units^F1,F8	—	Apr 1, 2016	M	1,180	D	—	—	Common Stock	1,180	0	D
Restricted Stock Units^F1,F9	—	Apr 1, 2016	M	333	D	—	—	Common Stock	333	1,334	D
Restricted Stock Units^F1,F10	—	Apr 1, 2016	M	957	A	—	—	Common Stock	957	957	D
Restricted Stock Units^F1,F10	—	Apr 1, 2016	M	319	D	—	—	Common Stock	319	638	D

Explanation of responses

F1Restricted stock units convert into common stock on a one-for-one basis.
F10Represents performance-based restricted stock units acquired by the Reporting Person based on Issuer performance in FY15. Each restricted stock unit vests in five installments, with one-third vesting on April 1, 2016 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
F2Includes 899 shares of common stock acquired through the Employee Stock Purchasing Plan on March 31, 2015.
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 13, 2014.
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 7, 2014.
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 15, 2015.
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 15, 2015.
F7On January 13, 2014, the Reporting Person was granted 2,099 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.
F8On January 7, 2014, the Reporting Person was granted 7,080 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.
F9On January 15, 2015, the Reporting Person was granted 2,000 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Issuer.