4//SEC Filing
Sweis Faris 4
Accession 0000876167-19-000023
CIK 0000876167other
Filed
Jan 23, 7:00 PM ET
Accepted
Jan 24, 4:22 PM ET
Size
10.3 KB
Accession
0000876167-19-000023
Insider Transaction Report
Form 4
Sweis Faris
Senior Vice President
Transactions
- Award
Restricted Stock Units
2019-01-22+10,078→ 10,078 total→ Common Stock (10,078 underlying) - Award
Employee Stock Options
2019-01-22+19,231→ 19,231 totalExercise: $34.73Exp: 2026-01-22→ Common Stock (19,231 underlying) - Award
Restricted Stock Units
2019-01-22+6,047→ 6,047 total→ Common Stock (6,047 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.
- [F2]Represents restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2019, subject to the continued employment of the Reporting Person with the Company.
- [F3]The stock options vest in eight equal semiannual installments beginning on October 1, 2019, subject to the continued employment of the Reporting Person with the Company.
- [F4]Represents performance-based restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest on February 1, 2022, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2021, and the continued employment of the Reporting Person with the Company.
Documents
Issuer
PROGRESS SOFTWARE CORP /MA
CIK 0000876167
Entity typeother
Related Parties
1- filerCIK 0001750313
Filing Metadata
- Form type
- 4
- Filed
- Jan 23, 7:00 PM ET
- Accepted
- Jan 24, 4:22 PM ET
- Size
- 10.3 KB