SEC Form 4 · accession 0001617396-15-000002
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry Rulli
Officer — Pres., Business Line Executive
Period of report
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 4:40 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 | Apr 1, 2015 | M | 3,425 | — | A | 3,425 | D | |
| Common Stock | Apr 1, 2015 | F | 1,140 | $26.78 | D | 2,285 | 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 UnitsF1,F2 | — | Apr 1, 2015 | A | 3,425 | A | — | — | Common Stock | 3,425 | 17,126 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2On September 29, 2014, the Reporting Person was granted 20,551 restricted stock units, vesting in six equal semi-annual installments beginning on April 1, 2015, subject to the continued employment of the Reporting Person with Issuer.