SEC Form 4 · accession 0001481242-15-000004
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Goodson
Officer — SVP, CPO & CTO
Period of report
Apr 24, 2015
Accepted (ET)
Apr 27, 2015 · 5:15 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 | Apr 24, 2015 | M | 400 | $13.01 | A | 72,613 | D | |
| Common Stock | Apr 24, 2015 | S | 400 | $26.18 | D | 72,213 | D | |
| Common Stock | Apr 24, 2015 | M | 230 | $14.67 | A | 72,443 | D | |
| Common Stock | Apr 24, 2015 | S | 230 | $26.18 | D | 72,213 | D | |
| Common Stock | Apr 24, 2015 | M | 12,874 | $15.93 | A | 85,087 | D | |
| Common Stock | Apr 24, 2015 | S | 12,874 | $26.18 | D | 72,213 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF1 | $13.01 | Apr 24, 2015 | M | 400 | D | — | Oct 15, 2015 | Common Stock | 400 | 0 | D |
| Common StockF2 | $14.67 | Apr 24, 2015 | M | 230 | D | — | May 11, 2016 | Common Stock | 230 | 0 | D |
| Common StockF3 | $15.93 | Apr 24, 2015 | M | 12,874 | D | — | Oct 15, 2016 | Common Stock | 12,874 | 926 | D |
Explanation of responses
- F1Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vested in 52 equal monthly increments commencing on November 1, 2008.
- F2Three-sixtieths (3/60) of the options were vested and exercisable on the grant date. The remaining options vest in 57 equal monthly increments commencing on June 1, 2009.
- F3Eight-sixtieths (8/60) of the options were vested and exercisable on the grant date. The remaining options vested in 52 equal monthly increments commencing on November 1, 2009.