SEC Form 4 · accession 0001665328-17-000005
PROGRESS SOFTWARE CORP /MA · PRGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dimitre Taslakov
Officer — Chief Talent Officer
Period of report
Apr 1, 2017
Accepted (ET)
Apr 5, 2017 · 3:52 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,F2 | Apr 1, 2017 | M | 508 | $0.00 | A | 40,554 | D | |
| Common StockF3 | Apr 1, 2017 | F | 192 | $29.12 | D | 40,362 | D | |
| Common StockF1 | Apr 1, 2017 | M | 381 | $0.00 | A | 40,743 | D | |
| Common StockF4 | Apr 1, 2017 | F | 144 | $29.12 | D | 40,599 | 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,F5 | — | Apr 1, 2017 | M | 508 | D | — | — | Common Stock | 508 | 2,034 | D |
| Restricted Stock UnitsF1,F6 | — | Apr 1, 2017 | M | 381 | D | — | — | Common Stock | 381 | 3,050 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Includes the withholding of 6,259 shares of common stock by Issuer to pay the tax withholding obligation of Reporting Person upon the vesting of restricted stock units on December 2, 2015 that was omitted from the Amount of Securities Beneficially Owned in the Form 3 filed on February 1, 2016.
- F3Represents shares of common stock withheld by Issuer to pay the tax witholding obligation of Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 18, 2016.
- F4Represents shares of common stock withheld by Issuer to pay the tax witholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 18, 2016.
- F5On January 18, 2016, the Reporting Person was granted 3,050 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2016, subject to the continued employment of the Reporting Person with Issuer.
- F6On January 18, 2016 the Reporting Person was granted 4,575 performance-based restricted stock units vesting in five installments, with one-third of the restricted stock units vesting on April 1, 2017 and the remaining performance-based restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.