4//SEC Filing
PROGRESS SOFTWARE CORP /MA 4
Accession 0001227485-16-000011
$PRGSCIK 0000876167operating
Filed
Oct 17, 8:00 PM ET
Accepted
Oct 18, 5:17 PM ET
Size
24.5 KB
Accession
0001227485-16-000011
Insider Transaction Report
Form 4
PEAD PHILIP M
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2016-10-14−12,240→ 0 total→ Common Stock (12,240 underlying) - Disposition to Issuer
Restricted Stock Units
2016-10-14−54,554→ 0 total→ Common Stock (54,554 underlying) - Disposition to Issuer
Restricted Stock Units
2016-10-14−13,077→ 0 total→ Common Stock (13,077 underlying) - Disposition to Issuer
Restricted Stock Units
2016-10-14−18,658→ 0 total→ Common Stock (18,658 underlying) - Disposition to Issuer
Restricted Stock Units
2016-10-14−47,222→ 0 total→ Common Stock (47,222 underlying) - Disposition to Issuer
Restricted Stock Units
2016-10-14−8,718→ 0 total→ Common Stock (8,718 underlying) - Disposition to Issuer
Restricted Stock Units
2016-10-14−48,508→ 0 total→ Common Stock (48,508 underlying)
Footnotes (8)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On January 13, 2014, the Reporting Person was granted 73,437 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2014, subject to the continued employment of the Reporting Person with Issuer. Reporting Person retired as Chief Executive Officer effective October 14, 2016, and the unvested restricted stock units were cancelled.
- [F3]On January 13, 2014, the Reporting Person was granted 54,554 performance-based restricted stock units that vest based on Issuer's total shareholder return over a three-year period, as will be determined at the first meeting of the Issuer's compensation committee following November 30, 2016. Reporting Person retired as Chief Executive Officer effective October 14, 2016, and the unvested performance-based restricted stock units were cancelled.
- [F4]On March 2, 2015, the Reporting Person was granted 26,154 performance-based restricted stock units based on Issuer performance in FY15. Upon determination of achievement for FY15, each restricted stock unit vests in five installments, with one-third vesting on April 1, 2016 and the remaining restricted stock units vesting in four equal semi-annual installments beginning, subject to the continued employment of the Reporting Person with Issuer. Reporting Person retired as Chief Executive Officer effective October 14, 2016, and the unvested restricted stock units were cancelled.
- [F5]On March 2, 2015, the Reporting Person was granted 17,436 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2015, subject to the continued employment of the Reporting Person with Issuer. Reporting Person retired as Chief Executive Officer effective October 14, 2016, and the unvested restricted stock units were cancelled.
- [F6]On March 2, 2015, the Reporting Person was granted 47,222 performance-based restricted stock units that vest based on Issuer's total shareholder return over a three-year period, as will be determined at the first meeting of the Issuer's compensation committee following November 30, 2017. Reporting Person retired as Chief Executive Officer effective October 14, 2016, and the unvested performance-based restricted stock units were cancelled.
- [F7]On January 19, 2016, the Reporting Person was granted 22,389 restricted stock units, vesting in six equal semi-annual installments beginning on October 1, 2016, subject to the continued employment of the Reporting Person with Issuer. Reporting Person retired as Chief Executive Officer effective October 14, 2016, and the unvested restricted stock units were cancelled.
- [F8]On January 19, 2016, the Reporting Person was granted 48,508 performance-based restricted stock units that vest based on Issuer's total shareholder return over a three-year period, as will be determined at the first meeting of the Issuer's compensation committee following November 30, 2018. Reporting Person retired as Chief Executive Officer effective October 14, 2016, and the unvested performance-based restricted stock units were cancelled.
Documents
Issuer
PROGRESS SOFTWARE CORP /MA
CIK 0000876167
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000876167
Filing Metadata
- Form type
- 4
- Filed
- Oct 17, 8:00 PM ET
- Accepted
- Oct 18, 5:17 PM ET
- Size
- 24.5 KB