SEC Form 4 · accession 0001664964-16-000002
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matt Robinson
Officer — Chief Technology Officer
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 8:33 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 StockF2,F1 | Apr 1, 2016 | M | 834 | — | A | 3,859 | D | |
| Common StockF3 | Apr 1, 2016 | F | 312 | $24.66 | D | 3,547 | D | |
| Common StockF2 | Apr 1, 2016 | M | 490 | — | A | 4,037 | D | |
| Common StockF4 | Apr 1, 2016 | F | 185 | $24.66 | D | 3,852 | D | |
| Common StockF2 | Apr 1, 2016 | M | 666 | — | A | 4,518 | D | |
| Common StockF5 | Apr 1, 2016 | F | 251 | $24.66 | D | 4,267 | D | |
| Common StockF2 | Apr 1, 2016 | M | 639 | — | A | 4,906 | D | |
| Common StockF6 | Apr 1, 2016 | M | 241 | $24.66 | D | 4,665 | D | |
| Common StockF2 | Apr 1, 2016 | M | 552 | — | A | 5,217 | D | |
| Common StockF7 | Apr 1, 2016 | F | 208 | $24.66 | D | 5,009 | D | |
| Common StockF2 | Apr 1, 2016 | M | 1,391 | — | A | 6,400 | D | |
| Common StockF8 | Apr 1, 2016 | F | 523 | $24.66 | D | 5,877 | 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 UnitsF2,F9 | — | Apr 1, 2016 | M | 834 | D | — | — | Common Stock | 834 | 834 | D |
| Restricted Stock UnitsF2,F10 | — | Apr 1, 2016 | M | 490 | D | — | — | Common Stock | 490 | 980 | D |
| Restricted Stock UnitsF2,F11 | — | Apr 1, 2016 | M | 666 | D | — | — | Common Stock | 666 | 2,667 | D |
| Restricted Stock UnitsF2,F12 | — | Apr 1, 2016 | M | 1,917 | A | — | — | Common Stock | 1,917 | 1,917 | D |
| Restricted Stock UnitsF2,F12 | — | Apr 1, 2016 | M | 639 | D | — | — | Common Stock | 639 | 1,278 | D |
| Restricted Stock UnitsF2,F13 | — | Apr 1, 2016 | M | 552 | D | — | — | Common Stock | 552 | 2,763 | D |
| Restricted Stock UnitsF2,F14 | — | Apr 1, 2016 | M | 4,174 | A | — | — | Common Stock | 4,174 | 4,174 | D |
| Restricted Stock UnitsF2,F14 | — | Apr 1, 2016 | M | 1,391 | D | — | — | Common Stock | 1,391 | 2,783 | D |
Explanation of responses
- F1Due to a clerical error, the amount of securities beneficially owned in the Form 3 was incorrectly reported. This Form 4 now reflects the correct amount of shares beneficially owned.
- F10On January 13, 2014, the Reporting Person was granted 2,938 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer.
- F11On January 15, 2015, the Reporting Person was granted 3,999 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Issuer.
- F12Represents performance-based restricted stock units acquired by the Reporting Person based on Issuer performance in FY15. Each restricted stock unit vests in five installments, with one-third vesting on April 1, 2016 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
- F13On July 6, 2015, the Reporting Person was granted 3,315 restricted stock units, vesting in six equal semi-annual installments beginning on April 1, 2016, subject to the continued employment of the Reporting Person with Issuer.
- F14Represents performance-based restricted stock units acquired by the Reporting Person based on Issuer performance in FY15. Each restricted stock unit vests in five installments, with one-third vesting on April 1, 2016 and the remaining restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- 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 July 9, 2013
- 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 13, 2014.
- F5Represents 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 15, 2015.
- F6Represents 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 15, 2015.
- F7Represents 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 July 6, 2015.
- F8Represents 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 July 6, 2015.
- F9On July 9, 2013, the Reporting Person was granted 5,000 restricted stock units, vesting in six equal semi-annual installments beginning on April 1, 2014, subject to the continued employment of the Reporting Person with Issuer.