SEC Form 4 · accession 0001381749-16-000005
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles Francis Kane
Director
Period of report
Oct 14, 2016
Accepted (ET)
Oct 18, 2016 · 5:21 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 | 7,705 | $15.93 | A | 83,629 | D | |
| Common StockF1 | Oct 14, 2016 | F | 4,512 | $27.21 | D | 79,117 | 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 | 7,705 | D | — | Oct 15, 2016 | Common Stock | 7,705 | 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.
- F2Represents fully vested options to purchase common stock issued to the reporting person under the 2008 Stock Option and Incentive Plan and 2009 Fiscal Year Non Employee Director Compensation Plan for services provided as a director for the second half of the 2009 fiscal year.