SEC Form 4 · accession 0001540670-15-000005
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antonio J. Aquilina
Officer — SVP, Strategy & Corp. Dev.
Period of report
Oct 9, 2015
Accepted (ET)
Oct 14, 2015 · 5:18 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 9, 2015 | A | 2,500 | $23.60 | A | 39,968 | D | |
| Common StockF1 | Oct 9, 2015 | F | 813 | $23.60 | D | 39,155 | D | |
| Common Stock | Oct 9, 2015 | A | 1,749 | $23.60 | A | 40,904 | D | |
| Common StockF2 | Oct 9, 2015 | F | 569 | $23.60 | D | 40,335 | D | |
| Common Stock | Oct 9, 2015 | A | 1,967 | $23.60 | A | 42,302 | D | |
| Common StockF3 | Oct 9, 2015 | F | 640 | $23.60 | D | 41,662 | D | |
| Common Stock | Oct 9, 2015 | A | 1,034 | $23.60 | A | 42,696 | D | |
| Common StockF4 | Oct 9, 2015 | F | 337 | $23.60 | D | 42,359 | 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 UnitsF8,F5,F7 | — | Oct 9, 2015 | M | 2,500 | D | — | — | Common Stock | 2,500 | 0 | D |
| Restricted Stock UnitsF10,F5,F9 | — | Oct 9, 2015 | M | 1,749 | D | — | — | Common Stock | 1,749 | 0 | D |
| Restricted Stock UnitsF12,F5,F11 | — | Oct 9, 2015 | M | 1,967 | D | — | — | Common Stock | 1,967 | 0 | D |
| Restricted Stock UnitsF14,F5,F13 | — | Oct 9, 2015 | M | 1,034 | D | — | — | Common Stock | 1,034 | 0 | D |
Explanation of responses
- F1Represents 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 22, 2013.
- F10As of the date of this filing, 2,622 restricted stock units have already vested and been released. 1,749 restricted stock units vested on the Transaction Date and 875 restricted stock units cancelled due to termination of employment of the Reporting Person with Issuer.
- F11On January 7, 2014, the Reporting Person was granted 11,800 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.
- F12As of the date of this filing, 9,833 restricted stock units have already vested and been released.
- F13On January 29, 2015, the Reporting Person was granted 3,102 restricted stock units, vesting in five installments, with four equal semi-annual installments beginning on October 1, 2015 subject to the continued employment of the Reporting Person with Issuer.
- F14As of the date of this filing, 517 restricted stock units have already vested and been released. 1,034 restricted stock units vested on the Transaction Date and 1,551 restricted stock units cancelled due to termination of employment of the Reporting Person with Issuer.
- F2Represents 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.
- 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 7, 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 29, 2015.
- F5Restricted stock units convert into common stock on a one-for-one basis.
- F6Reflects the accelerated vesting of all or a portion of previously granted restricted stock units immediately prior to the termination of employment of the Reporting Person with Issuer.
- F7On January 22, 2013, the Reporting Person was granted 15,000 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2013, subject to the continued employment of the Reporting Person with Issuer.
- F8As of the date of this filing, 12,500 restricted stock units have already vested and been released.
- F9On January 13, 2014, the Reporting Person was granted 5,246 restricted stock units, vesting in five installments, with four equal semi-annual installments beginning on October 1, 2014 subject to the continued employment of the Reporting Person with Issuer.