REIDY RICHARD 4
4 · PROGRESS SOFTWARE CORP /MA · Filed May 2, 2011
Insider Transaction Report
Form 4
REIDY RICHARD
DirectorPresident and CEO.
Transactions
- Sale
Common Stock
2011-05-02$29.16/sh−480$13,998→ 139,521 total - Exercise/Conversion
Stock Option
2011-05-02−12,020→ 45,700 totalExercise: $9.00Exp: 2012-08-01→ Common Stock (12,020 underlying) - Sale
Common Stock
2011-05-02$29.16/sh−12,020$350,539→ 139,521 total - Exercise/Conversion
Common Stock
2011-05-02$9.00/sh+12,020$108,180→ 151,541 total - Sale
Common Stock
2011-05-02$29.16/sh−2,500$72,908→ 139,521 total - Exercise/Conversion
Common Stock
2011-05-02$11.61/sh+2,500$29,025→ 142,021 total - Award
Common Stock
2011-04-28$29.64/sh+41,300$1,224,132→ 139,521 total - Exercise/Conversion
Common Stock
2011-05-02$8.83/sh+480$4,237→ 140,001 total - Exercise/Conversion
Stock Option
2011-05-02−2,500→ 0 totalExercise: $11.61Exp: 2011-10-09→ Common Stock (2,500 underlying) - Exercise/Conversion
Stock Option
2011-05-02−480→ 0 totalExercise: $8.83Exp: 2012-08-01→ Common Stock (480 underlying) - Award
Stock Option
2011-04-28+147,500→ 147,500 totalExercise: $29.64Exp: 2018-04-27→ Common Stock (147,500 underlying)
Footnotes (5)
- [F1]Represents restricted stock units acquired by reporting person on April 28, 2011 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, 2011, subject to the continued employment of the reporting person with Progress Software Corporation.
- [F2]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.
- [F3]Two-forty-eights (2/48) of the option were vested and exercisable on the grant date. The remaining options vest in 46 equal monthly increments commencing on May 1, 2011.
- [F4]This option involves the deemed cancellation of an "old" option and the deemed grant of a replacement option. The option was originally granted on October 10, 2001 and vested in 60 equal monthly increments commencing on March 1, 2001.
- [F5]This option involves the deemed cancellation of an "old" option and the deemed grant of a replacement option. The option was originally granted on August 2, 2002 and vested in 60 equal monthly increments commencing on March 1, 2002.