Jalbert Paul A 4

4 · PROGRESS SOFTWARE CORP /MA · Filed Jan 24, 2020

Form 4

Period: 2020-01-22

VP & CAO

Transactions

Exercise/Conversion
Common Stock
2020-01-22$29.05/sh+13,698$397,927→ 34,896 total
Exercise/Conversion
Common Stock
2020-01-23$29.05/sh+708$20,567→ 21,906 total
Sale
Common Stock
2020-01-23$48.00/sh−708$33,984→ 21,198 total
Exercise/Conversion
Employee Stock Options
2020-01-22−13,698→ 21,576 total
Exercise: $29.05Exp: 2024-03-30→ Common Stock (13,698 underlying)
Exercise/Conversion
Employee Stock Options
2020-01-23−708→ 20,868 total
Exercise: $29.05Exp: 2024-03-30→ Common Stock (708 underlying)
Sale
Common Stock
2020-01-22$48.16/sh−13,698$659,696→ 21,198 total

Footnotes (3)

[F1]This transaction was executed in multiple trades at prices ranging from $48.00 to $48.24 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
[F2]Options were granted to the Reporting Person on March 31, 2017 under Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan and vested as follows: 4,410 shares on October 1, 2017; 4,410 shares on April 1, 2018, 4,409 shares on October 1, 2018; and 469 shares on April 1, 2019.
[F3]Options were granted to the Reporting Person on March 31, 2017 under the Company's 2008 Stock Option and Incentive Plan and vested on April 1, 2019.

Documents

1 file