PROGRESS SOFTWARE CORP /MA 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Oct 18, 2011
Insider Transaction Report
Form 4
NEWFIELD CRAIG
SVP & General Counsel
Transactions
- Award
Common Stock
2011-10-14$20.73/sh+15,000$310,950→ 18,000 total - Award
Stock Option
2011-10-14+37,500→ 37,500 totalExercise: $20.73Exp: 2018-10-14→ Common Stock (37,500 underlying)
Footnotes (3)
- [F1]Represents restricted stock units acquired by Reporting Person as part of New Hire Grant 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 April 1, 2012, subject to the continued employment of the Reporting Person with Progress Software Corporation.
- [F2]Represent stock options acquired by the Reporting Person as part of a New Hire Grant pursuant to the Company's 2008 Stock Option and Incentive Plan.
- [F3]These options vest in forty-two (42) equal monthly increments commencing on the first day of the month following the completion of six months of service by the Reporting Person.