REIDY RICHARD 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Apr 13, 2011
Insider Transaction Report
Form 4
REIDY RICHARD
DirectorPresident and CEO.
Transactions
- Sale
Common Stock
2011-04-11$30.15/sh−15,000$452,310→ 116,221 total - Exercise/Conversion
Common Stock
2011-04-11$11.62/sh+15,000$174,240→ 131,221 total - Sale
Common Stock
2011-04-11$30.15/sh−18,000$542,772→ 98,221 total - Sale
Stock Option
2011-04-11−15,000→ 2,500 totalExercise: $11.62Exp: 2011-10-09→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 8, 2011.
- [F2]These three reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the deemed grant of two replacement options. The option was originally granted on October 10, 2001 and vested in 60 equal monthly increments of 833.3 shares commencing on March 1, 2001.