STAMEN JEFFREY 4
4 · PROGRESS SOFTWARE CORP /MA · Filed May 14, 2009
Insider Transaction Report
Form 4
STAMEN JEFFREY
Senior, VP Corp Dev & Strategy
Transactions
- Award
Common Stock
2009-05-12+3,200→ 15,097 total - Award
Stock Options
2009-05-12+6,000→ 6,000 totalExercise: $22.01From: 2009-05-12Exp: 2016-05-11→ Common Stock (6,000 underlying)
Holdings
- 11,897
Common Stock
Footnotes (3)
- [F1]1,297 shares were acquired through Employee Stock Purchase Plan, on March 31, 2009.
- [F2]Represents restricted stock units acquired by reporting person pursuant to the Company's 2008 Stock Option and Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock. Each restricted stock unit vests in six equal semiannual installments beginning on October 1, 2009, subject to the continued employment of the reporting person with Progress Software Corporation.
- [F3]Three - sixtieths of the option vests on the date of grant, thereafter the option vests in equal monthly increments over a 57 month period commencing on June 1, 2009.