SEC Form 4 · accession 0001465475-15-000003
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Benson
Officer — EVP and CIO
Period of report
Jul 6, 2015
Accepted (ET)
Jul 8, 2015 · 4:57 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 StockF1 | Jul 6, 2015 | M | 22,500 | $14.29 | A | 64,638 | D | |
| Common Stock | Jul 6, 2015 | S | 22,500 | $30.24 | D | 42,138 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $14.29 | Jul 6, 2015 | M | 22,500 | D | — | Jul 15, 2016 | Common Stock | 22,500 | 0 | D |
Explanation of responses
- F1Includes 76 shares of common stock acquired through the Employee Stock Purchase Plan.
- F2These options vested in equal monthly increments over a 54 month period commencing on January 2, 2010.