SEC Form 4 · accession 0001665328-17-000008
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
Oct 1, 2017
Accepted (ET)
Oct 4, 2017 · 3:50 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 | Oct 1, 2017 | M | 508 | $0.00 | A | 42,148 | D | |
| Common StockF3 | Oct 1, 2017 | F | 165 | $38.09 | D | 41,983 | D | |
| Common StockF1 | Oct 1, 2017 | M | 190 | $0.00 | A | 42,173 | D | |
| Common StockF4 | Oct 1, 2017 | F | 62 | $38.09 | D | 42,111 | D | |
| Common StockF1 | Oct 1, 2017 | M | 1,196 | $0.00 | A | 43,307 | D | |
| Common StockF5 | Oct 1, 2017 | F | 389 | $38.09 | D | 42,918 | 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,F6 | — | Oct 1, 2017 | M | 508 | D | — | — | Common Stock | 508 | 1,524 | D |
| Common StockF1,F7 | — | Oct 1, 2017 | M | 190 | D | — | — | Common Stock | 190 | 2,288 | D |
| Restricted Stock UnitsF1,F8 | — | Oct 1, 2017 | M | 1,196 | D | — | — | Common Stock | 1,196 | 5,984 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Includes 1,041 shares of common stock acquired through Employee Stock Purchase Plan: 752 on March 31, 2017; 289 on June 30, 2017.
- 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 18, 2016.
- F4Represents shares of common stock withheld by Issuer to pay tax withholding obligation of Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 18, 2016.
- 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 February 17, 2017.
- F6On 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.
- F7On 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 restricted stock units vesting in four equal semi-annual installments, subject to the continued employment of the Reporting Person with Issuer.
- F8On February 17, 2017, the Reporting Person was granted 7,180 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2017, subject to the continued employment of the Reporting Person with Issuer.