Murphy Anthony 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Feb 3, 2021
Insider Transaction Report
Form 4
Murphy Anthony
Chief Information Officer
Transactions
- Tax Payment
Common Stock
2021-02-01$40.36/sh−758$30,593→ 6,087 total - Exercise/Conversion
Common Stock
2021-02-01+1,861→ 6,845 total - Exercise/Conversion
Restricted Stock Units
2021-02-01−1,861→ 0 total→ Common Stock (1,861 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Includes 193 shares of common stock acquired by the Reporting Person through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan: 154 shares on September 30, 2020 and 39 shares on December 31, 2020.
- [F3]Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 12, 2018.
- [F4]On January 12, 2018, the Reporting Person was granted 2,466 performance-based restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. A portion of the performance-based restricted stock units vested on February 1, 2021, based on the Company's meeting cumulative operating income criteria over the three-year period ending November 30, 2020, and the continued employment of the Reporting Person with the Company.